Uranium firms revive mines on rising price of nuclear fuel

Barrels stored at the Energy Fuels White Mesa Mill uranium production facility in Utah. - Bloomberg

NEW YORK: Across the United States and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalise on rising demand for the nuclear fuel.

At least five US producers are reviving mines in states including Wyoming, Texas, Arizona and Utah, where production flourished until governments soured on the radioactive element following the 2011 Fukushima nuclear disaster in Japan.