The price of fuel for nuclear reactors has surged to a record high as demand from artificial intelligence data centres exacerbates a squeeze on the market following Russia’s invasion of Ukraine.
Prices for enriched uranium have hit $190 per separative work unit — the standard measure of the effort required to separate isotopes of uranium — compared with $56 three years ago, according to data provider UxC.
A resurgence of interest in nuclear power has come as governments and companies eye carbon-free sources of power large enough to service major industrial facilities and communities.
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