Uranium Prices Hit A 12-Year High ...Middle East

OILPRICE - Economy
Uranium Prices Hit A 12-Year High
source : OILPRICE ( Middle East ) () 14
The price of yellowcake - uranium concentrate used in nuclear generation - has surged to the highest level in 12 years as nuclear once again becomes a desirable form of energy generation. The FT reports that yellowcake prices have gained 12% over the past month alone, hitting $65.50 per pound, which is the highest since 2011, before the Fukushima disaster. The price rise is driven by a change in sentiment towards nuclear as governments realize wind and solar can’t do the job on their own because the grid needs dispatchable electricity. “You…

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