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Thursday, June 21, 2007

Uranium in Euros

TradeTech had an interesting chart in its June 8 Nuclear Market Review. This shows the price of uranium in both US dollars and euros.
You can see that since the US dollar is trending lower against the euro, uranium seems less expensive in Europe. France already gets 75% of its electricity from nuclear power. If cost is a factor, you might expect more European utilities to build nuclear power plants going forward.


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