Uranium has surged 40% this month, putting pressure on utility owners and other users when supplies are dwindling and demand is set to take off thanks to more reactors being built around the world.
Nuclear power capacity worldwide is increasing steadily, with about 50 reactors under construction.Most reactors on order or planned are in the Asian region, though there are major plans for new units in Russia.Significant further capacity is being created by plant upgrading.Plant lifetime extension programmes are maintaining capacity, particularly in the USA.
https://www.bloomberg.com/news/articles/2021-09-15/as-uranium-soars-top-trust-sees-hedge-funds-fueling-demand-lift?sref=3RNX51UG
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