Uranium: The Commodity that Won't Come Down
Article from: OGEL 4 (2006), in Nuclear Law and Policy
Abstract
Like many commodities, uranium's price has risen sharply in the past few years. Although part of the explanation lies in global economic growth, evolving uranium markets are also having an effect. Throughout its early history, uranium production and consumption were characterized by heavy government involvement. The primary use during that time was for nuclear weapons. As the primary end use has evolved to electricity generation, governments have withdrawn from uranium markets. Their legacy has remained in the form of huge stockpiles and inventories. During the 1990's these ...