Uranium Prices Continue to Surge

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The 143 percent jump on the uranium spot market since October, however, is being met with optimism -- hopes that uranium's growing pains will lead to a more sustainable nuclear fuel sector.

Uranium prices continue to rise, increasing the cost of generating nuclear power and spurring investment in mining. The 143 percent jump on the uranium spot market since October, however, is being met with optimism -- hopes that uranium's growing pains will lead to a more sustainable nuclear fuel sector.

Analysts say the new price marker is nearing what may be a plateau for a uranium market that was so depressed by government inventories, to around $15 from the 1980s until earlier this decade, that there was little investment in mining and production of the material.

The two leading uranium information and consulting firms released late Monday their new prices for spot market purchases: UX Consulting pegged it at $135 per pound and Trade Tech at $138 per pound.

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