“A nuclear-power boom in Asia that’s set to drive up uranium prices is triggering a resurgence in mining in Australia, home to the world’s largest reserves. Almost $800 billion of new reactors are under development in the region, driven by China and India where demand is climbing for the emission-free energy. The value of uranium plunged in the wake of the 2011 Fukushima nuclear disaster in Japan. Now, with contract prices forecast to jump more than 60 percent, suppliers in Australia are planning about half a dozen new mines. China will need the equivalent of about 1,000 nuclear reactors, 500,000 wind turbines or 50,000 solar farms as it steps up its fight against climate change.”
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