Thursday, February 02, 2006

Investment planning - financial budget planning - Interactive Investor

"Nothing is hotter than uranium. The metal has risen to $37 per pound, from $29 a year ago, as the supply position has been turned on its head. Back in 2003 only about half of all uranium consumed came from operating mines, with the balance derived from secondary supply sources such as highly enriched uranium from dismantling nuclear weapons and inventory draw down. But decommissioned warheads have almost been depleted, while the build up in nuclear capacity is gaining pace, particularly in Asia where some 92 reactors are planned or under construction to help meet soaring demand."

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