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Nuclear energy players need to take 90% uranium price spike bill or shut plants

The price of uranium has increased by 90% in 12 months, surpassing its cost in 16 years. Shutting down a nuclear power plant is costly and time-consuming, with daily costs reaching $1 million. However, the demand for uranium is rising due to the need for low-carbon power sources. Countries like France and the UK are reconsidering nuclear energy and expanding capacity. The global uranium supply is facing a deficit, with a shortage of enriched uranium as well. Hedge funds, ETFs, governments, and utilities are all vying for uranium, leading to price increases in the market. ....

City Of , United Kingdom , Nick Lawson , Sean Wade , Vladimir Putin , Cameco Corp , Sprott Physical Uranium , Geiger Counter Fund , Yellow Cake Plc , Alpha Portfolio Management , Sprott Physical Uranium Trust , Power Metal , Yellow Cake , Nuclear Power , Uranium Prices , Nuclear Plants , Nuclear Energy , Electricity Costs , Uranium Price Spike , Xi Jinping , Nuclear Power Plant , Uranium Demand ,

Uranium hitting 15-year highs as nuclear power demand surges

After years of rhetoric about cutting carbon emissions, many countries are now setting out longer-term ambitions to use nuclear power. ....

United Kingdom , John Meyer , Keith Watson , Robert Crayfourd , Geiger Counter Fund , After Fukushima ,

Uranium hitting 15-year highs as nuclear power demand surges

After years of rhetoric about cutting carbon emissions, many countries are now setting out longer-term ambitions to use nuclear power. ....

United Kingdom , Keith Watson , John Meyer , Robert Crayfourd , Geiger Counter Fund , After Fukushima ,