NEI Nuclear Notes

Stephen Dubner at the New York Times' Freakonomics blog explained some of the reasons for the high uranium spot prices seen over the past several years . Between 2004 and 2007, the spot price of uranium more than quadrupled, reaching more than $140 before falling off sharply in the past several months to less than $80. ... According to David Miller , C.O.O. of Strathmore Minerals, nuclear plants had, until recently, been living off a huge uranium stockpile from the 1980’s. That stockpile was created in anticipation of an onslaught of new U.S. nuclear plants that ended up never being built because of Jane Fonda political, regulatory, and public pressures. Now, says Miller, with that stockpile depleted, there’s a huge push for new uranium. What's great about this post is that George Bell (CEO and Chairman of UNOR Inc. ) jumped in on the comments : As the CEO of the Canadian uranium exploration company UNOR, Inc - 19.5% owned by the largest uranium producer in the world, Cameco ...