On Monday, Uranium One reported that its revenues jumped 71% as production increased 33% and the company was paid more per pound of uranium extracted, reports Julie Gordon for Reuters. The company sold 2 million pounds of uranium priced on average at $58 per pound. Spot prices have declined from $70 at the beginning of the year to $50 after the nuclear disaster in Japan, and prices remain in the low $50 range.
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Max Chen contributed to this article.