Germany Becomes Unexpected Supporter of Nuclear Revival Amid Energy Crisis

Vancouver, BC

–News Direct– Nuclear energy is regaining popularity and will likely help uranium prices rebound further in 2023. Several of the world’s most developed countries have announced plans to extend the life of their existing nuclear power plants, with some even expanding their fleets rather than shutting them down as was previously planned.

The result has accelerated the uranium market’s robust recovery over the last two years, after nearly a decade of low prices. This has included announcements of new construction and additional incentives and funding from Japan, France, South Korea, India, the UK, the US and most recently Germany, which has always had a love-hate relationship with nuclear energy.

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