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After Japan was struck by the earthquake, Ux Consulting Co. stated that uranium spot prices dropped about half of one percent, as well as the demand for nuclear fuel. Uranium concentrate dropped 25 cents, down to US$55.25/lb over the last week, according to Ux Co. in a report on May 2nd.
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Effects of Tsunami on the Uranium Sector |
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After the recent natural disasters in Japan, and the following nuclear situation, many investors have become worried about how it will affect certain sectors of the stock market.
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Obama Seeks to Expand Loan Guarantees |
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The Obama administration will press ahead with efforts to expand loan guarantees for new nuclear reactors while investigating the failure of Japan's power plants after an earthquake, Energy Secretary Steven Chu said.
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Global Turmoil Increases Oil Prices |
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The oil price has rebounded as markets refocus on the Middle East, as well as Japan's energy needs.
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