With nuclear power surging again—from Microsoft backing relic sites to China’s 150-reactor spree and even Germany’s U-turn—uranium demand has suddenly gone through the roof. Yet decades of underinvestment and shuttered mines have left the world staring at a tight supply that mere cash injections can’t easily solve.
The result? A looming supply crunch and a stark dependence on Russian fuel, even as Western nations scramble to secure the very commodity they once vilified.
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