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Commodities Briefing - Categorized | Energy, Market Moves more

Japan joins the race for uranium amid global expansion of nuclear power

Posted on 23 March 2009

From Japanfocus.org: Energy-hungry Japan is revving up its drive to secure uranium abroad as global demand for nuclear power rises amid stubbornly high oil and gas prices and growing environmental concerns.
Major Japanese trading and energy firms are looking at multibillion yen investments in uranium mine projects, with electronics conglomerate Toshiba in February purchasing Westinghouse, the US power plant arm of British Nuclear Fuels, for about US$5.4 billion…..Full Article: Source


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