Uranium glows ever hotter

"The nuclear industry is on the cusp of making a huge comeback," predicts Dr Dougie Youngson, energy analyst at brokers Ambrian. The domestic driving force behind uranium's re-emergence is the fact that the UK will lose 30 per cent of its current generating capacity by 2015 as ageing power plants are retired from service. With little new generating capacity currently being developed, the UK risks a power supply crunch in just six years’ time. "People should be worried about power shortages," cautions Dr Youngson.

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