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Wyoming uranium producers bullish about future

Published on NewsOK Modified: May 22, 2014 at 11:07 am •  Published: May 22, 2014
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LARAMIE, Wyo. (AP) — Despite a recent slump in prices, uranium producers in Wyoming are optimistic about the industry's future.

The uranium market tanked after the 2011 Fukushima nuclear disaster in Japan.

But speaking during a panel discussion at the Wyoming Energy Summit this week, uranium mining executives like Donna Wichers of Uranium One said it's just a temporary setback.

Wichers tells KUWR (http://bit.ly/1gncVY2 ) that Wyoming has uranium and the capacity to mine it.

In particular, Wichers and others emphasized that Wyoming has some of the cheapest uranium production costs in the world.

They noted some 90 new nuclear plants are expected to come online in the next decade, mostly in India and China.

Also, they say nuclear power might look more attractive if limits are placed on carbon emissions from power plants.