In the wake of the COP21 climate meeting in Paris, which subtly endorsed nuclear power, and the aggressive move by China to build a nuclear plant a month, the supplies of uranium are once again in the spotlight. After the 2011 Tohoku tsunami and Fukushima reactor accidents, uranium prices dropped about 60%, bottoming out near $30/lb in 2014. But recent restarts of Japan’s reactors, plus an increase in global nuclear power led by China, has increased uranium prices once again, and should stabilize prices at somewhere between $40 and $60 per pound of yellowcake (U3O8) in the coming decade.

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