Uranium prices hit post-Fukushima high on nuclear power revival

Resurgent demand and limited supply combine to lift price by half this year

20231006N Bangladesh nuclear plant

Bangladesh is building its first nuclear power plant. © Reuters

SHINICHI ARAKAWA, Nikkei staff writer

TOKYO -- Uranium prices have climbed roughly 50% so far this year to a 12-year high as growing concerns over energy security spurs countries to look again at nuclear energy, an option that had been shunned since the 2011 Fukushima Daiichi meltdowns.

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