Rising climate change awareness is sparking a renewed interest in nuclear energy, with public support in the U.S. reaching a decade high. The development of small modular reactors and existing nuclear infrastructure make nuclear power a viable and stable energy source. The increased demand and higher uranium prices indicate a bullish outlook for the nuclear market, especially considering the significant uranium reserves in the U.S. Despite previous negative associations with nuclear energy due to disasters like Fukushima and Chernobyl, the carbon-free nature and baseload power capabilities of nuclear energy are gaining attention in the context of climate change. Furthermore, recent advancements in small modular reactors have reduced costs and improved feasibility. The uranium market has also seen a surge in prices, driven by governments seeking energy independence and clean energy solutions. The United States, which possesses ample uranium reserves, is well-positioned to rebuild its domestic uranium production sector and become more self-reliant in nuclear power generation.
https://oilprice.com/The-Environment/Global-Warming/Uranium-Demand-Hits-Decade-High-As-Nuclear-Renaissance-Gains-Traction.html