Canada's booming uranium industry has leveled off sharply in the past month, in the wake of rumors out of Ottawa and Washington (which buys most of Canada's uranium) that the market might be approaching the saturation point and that the Canadian government was about to stop buying uranium. Last week Defense Production Minister C. D. Howe cleared the air with a statement of the government's uranium policy: ΒΆ Until March 31, 1962, Ottawa will buy all acceptable uranium concentrates, i.e., 10% U208, at a maximum price of $7.25 per Ib. for the uranium content and will pay premium prices for uranium...
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