Many people thought the 2011 Fukushima disaster in Japan meant the end of the nuclear industry. Nuclear power was once again a “scary” form of energy. And uranium, the fuel that powers nuclear reactors, became a sleepy backwater in the global commodities market.
But as climate change intensified, governments globally dusted off plans to build new nuclear power plants - an around-the-clock, carbon-free power source. Interest in uranium deposits was rekindled — slowly at first, and then at a much faster pace after Russia invaded Ukraine, as countries searched for alternatives to Russian energy.
