Read more about how the multitude of nuclear power plants being constructed right now, and their tendency to purchase long-term supplies of Uranium early on, could affect Uranium prices.
Uranium sold for $73 a pound right before Japan’s March 2011 Fukushima Daiichi nuclear disaster. Now it goes for around $20. As you might guess, much of that decline has been driven by Japan’s rejection of nukes for power generation since then.
Japan is bringing reactors back online. China, with its horrendous pollution problems caused in part by coal-fired power plants, plans to build nuclear reactors aggressively. And China is not alone. Around the world “there are 57 reactors under construction, the majority of which could be online over the next three years,” says Gitzel.