Uranium prices jumped $5 per lb. at auction during the week, rising to $138lb. Prices in the June 12th auction are expected to increase even more. In January the price was $74, so we have had an 86% price increase in five months! Some experts estimate that it will break the $200 barrier in the near future.
One commentator remarked that it was ‘sweaty palm time’ for procurement officers who have the job of securing supplies to keep their plants running.
All of this just goes to show a huge hole in the argument for nuclear power – the supplies are just not there!