Deadly and Wildly Profitable, Uranium Fever Breaks Out

By Geoffrey Morgan and Jacob Lorinc – Bloomberg

After the 2011 Fukushima disaster nuclear energy was once again too scary, and uranium, the delicate and deadly fuel that powers the reactors, became a sleepy backwater in the global commodities market. But as climate change intensified and governments across the world were drawn anew to the steady carbon-free power generated by nuclear plants, interest in uranium deposits picked up — slowly at first and then, after Vladimir Putin invaded Ukraine, at a frantic pace. Suddenly, much of the world needed an alternative to Russian energy.