At the annual meeting of the Atomic Industrial Forum in Manhattan's Plaza hotel last week, the Atomic Energy Commission hit the uranium business with a hydrogen bomb. Said AEC's Raw Materials Chief Jesse Johnson: "We have arrived at the point where it is no longer in the interest of the Government to expand production of uranium concentrate."
The decision meant that while the U.S. will honor its existing contracts to buy uranium concentrate from mills, it does not intend to sign any new contracts that would appreciably increase production. Thus, after ten...
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