Japan's Itochu buys into Uzbek uranium mine

Trading house to take stake in project by state miner and France's Orano

20250313N Uranium

Barrels of uranium oxide are stored in Kazakhstan. Global demand for uranium is expected to rise as countries shift toward nuclear power. © Reuters

SHIN WATANABE

TOKYO -- Japanese trading house Itochu will invest in a uranium mining project in Uzbekistan, expecting higher demand for the fuel as more countries turn to nuclear power to cut carbon emissions.

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