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Supreme Court to Take Uranium Mining Case, but Market Outlook Dim

May 21, 2018, 9:39 PM

A tussle over uranium mining and states’ rights is going to the Supreme Court, but any high court decision that opens up more mining isn’t likely to stoke the industry’s prospects anytime soon.

That’s because the global uranium sector has been stuck in a deep slump for years. Prices have fallen 85 percent since 2007, and several of the world’s biggest uranium miners, such as Canada’s Cameco Corp., have recently cut production.

At play are a constellation of factors ranging from European nations walking away from nuclear power to the 2011 Fukushima meltdown that has taken Japanese reactors offline ...

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