.Fukushima reactor meltdowns
in 2011. Miners and some investors say that is changing after years of OPEC-like discipline by the two biggest producers. Adding to their optimism, governments including the Biden administration and Beijing see a role for nuclear power in global efforts toInvestors have been sending shares in companies including Canada’s Denison Mines Corp. and Corpus Christi, Texas-based Uranium Energy Corp. higher starting late last year.
One reason is the vagaries of the market for uranium, which is unlike that for most other commodities. Between 70% and 80% of uranium ore concentrate is sold in long-term contracts to utilities with nuclear-power plants.
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