Changing global macro-economic trends are increasingly making more space for nuclear power to support renewable energy rollouts, boding well for the uranium market that has been dealing with unsustainably low prices for nearly a decade, a mining symposium in Vancouver heard this week.
“Nuclear power is increasingly being thrown into the mix as states prepare to implement renewable energy strategies, and will result in new-build projects on a state level in the US. I see substantial state-level law changes coming that increasingly equates nuclear generation with renewable energy options,” former US secretary of energy and current chairperson of Uranium Energy Corp Spencer Abraham told the Sprott Natural Resource Symposium held in Vancouver this week.
