China's reprocessing claim.From the following article:
https://blogs.wsj.com/chinarealtime/2011/01/05/china-nuclear-claim-no-piece-of-yellow-cake/ In a report Mr. Hibbs says he prepared after visits last year to Beijing, Paris, Vienna and Washington to discuss China’s nuclear plans, he argues China shouldn’t rush into a commitment to the reprocessing program. He estimates it would require decades of work and “scores of billions of dollars.”
The U.S. nuclear industry considers it more financially sensible to produce fuel with virgin uranium and to store spent uranium.
The uranium market’s confidence was unaffected by China’s reprocessing claims. Uranium was trading around $63.50 per pound on Tuesday in New York, about $1 above the price at the end of 2010 according to brokers ICAP Plc. It is up about 20% since early 2009.
For prices, “it’s a non-event,” said Joe Kelly, the New York-based manager of nuclear fuel markets at ICAP.