There's not enough uranium supply.
The world consumes 180 million lbs,
but we produced 100 million lbs this
year. The current price is too low to
incentivize new production. Nuclear
produces 12% of the worlds
electricity currently. If the world is
begrudgingly reopening nuclear
power plants, building new ones,
and extending old ones to
decarbonize, gain energy security
and fight climate change, we need
more uranium for these reactors.
In other words the price has to go up
or the LIGHTS GO OUT.