Post by
spurwing2 on Apr 08, 2022 9:00am
Uranium Futures at the highest level since Fukushima:
Uranium futures rose to $62.8, the highest level since the Fukushima disaster in 2011 after the bill to ban US imports of nuclear fuel from Russia have already been put forward for both the House and the Senate. The prices have already been rising on higher demand for nuclear fuel as many countries try to limit the shipments of energy commodities from Russia and become more carbon neutral. The European Union is set to phase out coal imports from Russia, amid war crimes in Ukraine. Meanwhile, a ban on nuclear fuel from Russia has increased the demand for Western uranium converters and enrichers, above the current capacity for enrichment plants. .