Fresh Capital in the Uranium Fuel Race By MATTHEW L. WALD

Fresh Capital in the Uranium Fuel Race

By MATTHEW L. WALD

For decades, the business of enriching uranium for  use in nuclear reactors was simple: companies bought the uranium and sent it to one of the plants built by the federal government as part of its nuclear weapons program. The government increased the proportion of uranium 235, the kind that splits easily in reactors.
But in the 1990s, the government sold the plants to the United States Enrichment Company, now called USEC. Meanwhile, other companies started looking at the American market.

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