Nuclear-capable countries hastened to secure uranium deals.  Nuclear-capable nations across the world are hurrying to make sure that they have long-term access to supplies of uranium.  Many countries in Europe and Asia, including India and China, are in the race to lock in their supply of uranium in order to fuel several new reactors that they will build over the next decade.

Recently, a deal was struck between the Russia-based Rosatom, the state-owned producer of uranium, and the Canada-based producer Uranium One. Rosatom won a 17% stake in Uranium One as well as a long-term deal for supply in exchange for a half stake in the Karatau mine in Kazakhstan. Uranium One is also reportedly trying to close a 20% (worth $240-million) share sale and supply pact with Japan’s Toshiba Corporation, Tokyo Electric Power Company  and Japan Bank for international Cooperation.

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