SMH reported Australian leaders have confirmed to India they will not sell uranium to Pakistan.
Articles Tagged "Pakistan"
China, a user of nuclear power since 1994, is seeking to build its own brand of atomic technology for export. The benefits should be realized for the uranium industry in the form of rising demand.
Uranium trade consultants UxC's spot price for uranium ended the month very strongly, indicating spot prices trading at the level of $46.00 per pound as a total of 22 transactions were concluded in July.
The uranium demand surge is attributed to a number of buyers believing that the market price has reached the bottom and endeavoring to acquire material in anticipation of a future price increase.