Energy Squeeze Puts Glow On Uranium

The two biggest listed uranium producers in the world are Toronto- and New York-listed Cameco and London-listed Rio Tinto, which houses coal and uranium within its energy division.

According to Cameco, average industry prices for U308 have risen from $9,70/lb in Jan 2002 to $47,25/lb last month.

Although uranium is by no means a rarity — it is more common than tin and 500 times more common than gold — two main factors are driving the price.
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