Why Uranium Prices Are at a Critical Tipping Point
Thanks to considerably higher energy costs, the demand for nuclear power continues to rise.
This year alone, 65 nuclear power plants are under construction, another 160 new reactors are currently in the planning stages, and 340 more have been proposed. Even Japan is now shifting its stance on nuclear power. According to Japan Today, newly elected Prime Minister Shinzo Abe now says he is willing to build new nuclear reactors.
The demand for uranium is clearly going to be getting stronger, which presents a problem. There is already a uranium supply deficit of 40 million pounds a year.
But supply and demand are only part of the uranium story... Read More...