The price of nuclear fuel has reached a maximum in ten years

0 17

Date: 15 September 2022 Time: 05:36:00

FT: Energy crisis pushes uranium prices to 10-year high

The energy crisis pushed uranium prices to a ten-year high in September. Financial Times has reported this.

The price of nuclear fuel has risen seven percent since mid-August, surpassing the $50 per pound mark, amid significant demand.

Many market participants predict further increases in the price of uranium, for example Bank of America believes that the price of uranium concentrate will reach $70 per pound next year.

Analysts attribute the rise in prices to an increase in demand in the wake of the energy crisis and a review of nuclear power’s outlook. Japan and South Korea, which have effectively shut down their nuclear programs, are among the countries planning to increase their nuclear power.

Investment bank Berenberg also attributed the rise in uranium prices to its global market dependence on Russia, which accounts for about 40 percent of the world’s enrichment capacity. If supply is restricted, market volatility and an explosive rise in prices are predicted.

Earlier, Oilprice said the United States would not be able to give up Russian uranium. The material shows that the United States is more dependent on Russian uranium than oil. So, in 2021, about 14 percent of the total volume and 28 percent of conservation services were imported.


*Translated based on article content If there is any problem regarding content, copyright, please make a report below the article. We will try to process as quickly as possible to protect the author’s rights. Thank you very much!

*We want to make information more quickly and easily available with other multilingual content, rather than only available in one specific language.

*We always respect the copyright of the author’s content and always include the original link to the original article. If the author disagrees, report below the article, the article will be edited or deleted at the request of the author. Thank you very much! Best wishes!

For all the latest Economy News Click Here

Denial of responsibility! EODBA is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.