Decarbonization is turning to nuclear energy, which will propel uranium prices higher – Scott Melbye

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – The Russia-Ukraine conflict has made energy security a major priority for the United States and Europe, and it’s supporting new investment and development in the nuclear energy sector and increased demand for uranium, according to Scott Melbye, Executive VP of Uranium Energy Corporation and President of the Uranium Producers of America.

“I think Russia-Ukraine really was a wake-up call globally, that energy security really is national security,” he said. “Germany has really stepped in it over the last 10-15 years, moving to this ‘energiewende’ energy policy, which was to move away from fossil fuels, move away from nuclear energy, and rely 100 percent on renewables. Instead what it’s resulted in are electricity prices […]

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