Moreover, according to a UN News article, a total of 71 new reactors are under construction. A number of countries, such as South Korea, China, Russia, France, the United Kingdom, Poland and Argentina, intend to expand aggressively, and Japan is contemplating a return to nuclear energy. This implies that demand for uranium, and consequently its price, will skyrocket. Uranium prices have risen from $30/lb to $85/lb in the last five years, exceeding $100/lb, a sixteen-year high, in between. Securing feedstock supply at the right price is thus paramount to the economic viability of a nuclear energy plant.
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