Uranium has held its price into May after a sharp drop in April and today (10 May) is at $54.15 a pound. In March, uranium prices surged to their highest level since the nuclear disaster in Japan’s Fukushima plant in 2011. The heavy metal’s price rose after the US said it was considering sanctioning Rosatom, Russia’s state-owned atomic energy company, as part of its broader sanctions against the country...

Nuclear generation bounced back from the pandemic-related decline seen in 2020, increasing by 100 TWh to reach 2653 TWh in 2021.

However, this positive development must be put into the context of the upheaval there has been in global energy supply over the last 12 months. While governments redoubled their commitments to reducing greenhouse gas emissions at COP26 in Glasgow, the recovery of economies following the harsh impacts of COVID-19 led to a surge in energy demand that outstripped the growth in production from clean sources such as nuclear, resulting in more reliance on fossil fuels...

Uranium spot prices soared to the highest level since the 2011 Fukushima nuclear disaster on concern potential sanctions aimed at Russia are poised to roil an already tight market.   The price for benchmark uranium jumped to $59.75 per pound on Thursday, according to data compiled by UxC LLC. That’s the highest since March 2011, when meltdowns at the Fukushima Dai-Ichi facility shut Japan’s fleet of nuclear plants, sent a shock-wave across the atomic industry and dashed demand for uranium — the fuel used in reactors...

Uranium stocks are the latest to grab the attention of Reddit’s WallStreetBets community, and surging uranium futures prices have prompted one Wall Street analyst to raise his triuranium octoxide price targets.  The Analyst: On Tuesday, Bank of America analyst Lawson Winder reiterated a Neutral rating on Cameco Corp (NYSE: CCJ) and raised the price target from $20 to $29...