Uranium Out of the Dumps

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...now that a worldwide energy crunch is seeing countries re-commission their nuclear power plants with plans to build many more, a uranium rush is on.

...During the decades when public pressure closed nuclear power stations, demand for uranium was so low that this country’s sole uranium processing plant, owned by AngloGold Ashanti, was viewed as a white elephant.

But now that a worldwide energy crunch is seeing countries re-commission their nuclear power plants with plans to build many more, a uranium rush is on.

Current uranium production is 26 000 tons a year less than existing nuclear power stations consume each year.

The difference is being made up from decommissioned warheads and other stockpiles. But unless supply ramps up fast, there won’t be enough fuel for existing nuclear generators, let alone those under construction.

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