Could Rising Uranium Prices Be Affecting Nuclear Energy Plant Profitability?
According to data from HANetf’s Sprott Uranium Miners, uranium has been one of the best-performing asset classes of 2022, with October being an especially good month for the metal. The fund revealed that uranium spot prices went up by 24.12% over the year until Oct. 31, going up by 8.32% in October alone while the rest of the commodities market saw a gain of just 1.67%. Uranium, which is the primary fuel for nuclear power reactors, has seen its demand increase in recent years as countries step up their electricity generation efforts to meet surging local demand. With several western…