Energy
Uranium rises to 2-year high
(China Daily)
Updated: 2010-11-30 13:38
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Uranium rose to the highest in more than two years after China Guangdong Nuclear Power Co agreed on long-term supply with the two largest producers, and on expectations Asia's biggest economy will boost its reactor-building targets.
Uranium-oxide concentrate rose 10 cents to $60 a pound on the market for immediate delivery, Denver-based pricing service TradeTech LLC said in a report dated Nov 26.
Two sales totaling less than 500,000 pounds took place last week as volumes slid due to the US Thanksgiving holiday, TradeTech said.