Nuclear goals spark uranium deals

A scramble by nuclear power firms for the world’s scarce uranium resources has sparked a string of corporate deals and takeover bids.
With uranium prices at their highest since the 1970s, France’s Areva is to buy up to 18% of uranium firm Summit Resources.

The move follows a 1bn Australian dollar (US$825m;

As firms are vying to take advantage of the growth in nuclear energy, there have been fears over uranium shortages.