Russia’s invasion of Ukraine has rattled the global market for the uranium used to fuel nuclear power plants, prompting some in the U.S. to propose increasing domestic capacities
Much of the enriched uranium used to fuel plants globally is controlled by Russia; calls to increase domestic output
Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn can have little to do with the price customers pay at the store. WSJ’s Dion Rabouin explains. Illustration: Adele Morganhas shaken the global market for uranium, a critical fuel for nuclear-power plants, prompting some in the U.S. to propose reviving domestic production.
Russia enriches more uranium for use in nuclear plants than any other country in the world. Its increasing economic isolation following —and talk of potential added sanctions on Russian uranium—have exposed the fragility of global nuclear-fuel supplies, which are controlled by a handful of countries.
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