Unloved since Fukushima, uranium is hot again for miners

Unloved since Fukushima, uranium is hot again for miners

Uranium glass has a soft colour and distinctive glow that comes from the uranium added as the glass was created. It’s slightly radioactive, enough to register on Geiger counters. But the levels are about the same as electrical appliances like microwave ovens emit, so they represent no threat to health. Miners are racing to revive projects mothballed after the Fukushima disaster spurred by a leap in yellowcake prices after Russia’s invasion of Ukraine. Credit: Reuters Pictures/Facebook Spot prices for uranium have doubled from lows of $28 per pound last year to $64 in April, sparking the rush on projects set aside after a 2011 earthquake and tsunami crippled Japan’s Fukushima nuclear power plant.

"Things are moving very quickly in our industry, and we’re seeing countries and companies turn to nuclear with an appetite that I’m not sure I’ve ever seen in my four decades in this business," Tim Gitzel, CEO […]

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