U.S. Mines Race to Restart As Uranium Prices Skyrocket

Decline in uranium prices and fallout from the Fukushima disaster led to the shutdown of American uranium mines, but a recent surge in prices is prompting their restart.

Major industry players convene at mining conferences, emphasizing the increasing importance of uranium in the context of climate change and rising nuclear power demand.

With projections of a significant rise in uranium demand, the reopening of U.S. mines signifies a comeback for an industry that nearly vanished, driven by geopolitical tensions and the need for supply security.

It’s been a long time coming, but the bulls are finally back in uranium. And with them comes the restart of multiple uranium projects that have been taken offline in the years while the commodity slouched in price.We have long stated here on Zero Hedge that nuclear power is an obvious win/win: it’s clean, it’s safe, it provides robust power and, most importantly to […]

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