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- Uranium Investing News - Investing News Network
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- Uranium is a heavy metal that is used as an abundant source of concentrated energy and occurs in most rocks in concentrations of two to four parts per million, making it as common in the earths crust as tin, tungsten and molybdenum. While it was discovered in 1789 by a German chemist, but much has changed since then in terms of supply and demand of the nuclear material. According to the World Nuclear Association, world mine production of uranium has expanded significantly since 2005. The demand for uranium is ever-growing as well as it is proving to be a cleaner power source in a world struggling to reduce its collective ecological footprint in the face of global warming. In 2014 the total world production of uranium was 56,217 tonnes, a drop from the previous year’s 59,370 tonnes and while the top uranium-producing countries were Kazakhstan, Canada and Australia, all of which saw a decrease in output, the decline was not limited to the largest producers, but was felt across ...
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