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AAP
AAP
Derek Rose

Decade-high uranium price revitalises Aust developers

Uranium prices have been soaring in recent weeks, re-energising Australian producers. (HANDOUT/CITADEL-MAGNUS)

Uranium prices have been soaring in recent weeks, re-energising Australian producers and developers in an industry that's been on life support since the 2011 Fukushima disaster.

The naturally occurring radioactive element traded at a 12-year high of $US73 a pound in early October, and while prices had eased slightly below $US70 by week's end, that's still a more than 40 per cent jump year-to-date.

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