nuclear-news

Future is a gamble for uranium companies

Companies Bet on Rise in Demand for Uranium, By MATTHEW L. WALD NYTimes.com June 18, 2010 WASHINGTON — Uranium enrichment, the market that the Noble Group has entered with its purchase of USEC stock, is a globalized business fraught with uncertainty.
Besides rapidly changing technology and questions about how many new reactors will be built, the market can be affected by vagaries like future arms control agreements………..
USEC is also working on a new enrichment technology, a centrifuge system, but it is struggling. It has spent $1.5 billion on a centrifuge plant in Piketon, Ohio, where it formerly had a gaseous diffusion plant. But last July, the Energy Department turned down USEC’s application for a $2 billion loan guarantee, partly because it was not clear where all the financing would come from.

Companies Bet on Market for Enriched Uranium – NYTimes.com

June 22, 2010 - Posted by Christina Macpherson | business and costs, USA | antinuclear, enriched, nuclear costs, nuclear spin, uranium