Uranium Rallies Amid Energy Crisis in Europe

MiningNewsWire
Wednesday, September 21, 2022 at 7:31pm UTC

The price of uranium has hit a new high as the energy crisis in Europe continues to fuel bullish bets on nuclear energy’s future. Uranium, which is also known as yellowcake, has increased by 7% since last month to reach $50 per pound. This price was last observed when the prices of many commodities increased last spring, fueled by supply concerns.

Data from UxC shows that the last time yellowcake traded at such levels was a decade ago, without taking into account the…

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