Tuesday, October 16, 2007

IAEA: Increased Demand May Triple Uranium Reserves

Here's a clip for all the anti-nuke activists who say we're running out of Uranium. From Reuters:

High uranium prices will spur exploration that could more than triple known global deposits, avoiding a shortage as China ramps up its nuclear capacity, a top executive with the International Atomic Energy Agency said.

Yury A. Sokolov, the agency's deputy director general, said new technologies could also help boost reactor efficiency, curbing growth in fuel demand even when output expands.

"High prices stimulate exploration. If you explore more, you will find more -- in Africa, Australia, maybe some additional resources in China," he told Reuters in an interview late on Monday on the sidelines of a nuclear conference.

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