The price of yellowcake - uranium concentrate used in nuclear generation - has surged to the highest level in 12 years as nuclear once again becomes a desirable form of energy generation.
The FT reports that yellowcake prices have gained 12% over the past month alone, hitting $65.50 per pound, which is the highest since 2011, before the Fukushima disaster.
The price rise is driven by a change in sentiment towards nuclear as governments realize wind and solar can’t do the job on their own because the grid needs dispatchable electricity.
this is pretty important as america is buying uranium from russia
lord_nougat 1 points 8 months ago
I should sell my uranium.