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Tuesday, February 28, 2006

Overheated uranium

Once again, the weekly spot price of uranium ratchets up a notch to $38.50. I don't think the spot price has gone down in any given week for years.

And once again, all the news shows increasing demand. Power hungry China underrates demand. They'll probably need 40 new reactors by 2020.

Germany wants to continue operation of a nuclear plant beyond the scheduled 2008 shutdown. Russia plans to build 2 reactors every year.

Ok, so here's some bad news: China is looking for nuclear designs that use less uranium.

And totally off-topic: MANIFESTO: Together facing the new totalitarianism

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