News Snapshot:
Uranium prices have been surging for the past few days, hitting their highest level since the Fukushima nuclear disaster in 2011. The increasing Western sanctions on Russia have aggravated an already frayed market, pushing prices even higher. Russia is a significant exporter of enriched uranium. It’s a commodity that’s especially coveted in the US, which consumes approximately 16.5% of Russia’s output. Investors are increasingly worried that supplies may be delayed as sanctions tighten – that’s if they’re not cut off completely. Ukraine also produces large quantities of uranium, outputting approximately 801 tonnes in 2019. However, the recent Russian attack on...
