Exchange prices for uranium rose to record highs, which were last seen after the Fukushima accident in 2011. It is reported by Bloomberg, citing data from UxC.

The price of reference uranium Ux U3O8 jumped to $59.75 per pound. The agency considered that this could happen due to possible concerns about sanctions against Rosatom. Thus, the Russian company and its subsidiaries account for at least 35% of the world's uranium enrichment.

With the prospect of future restrictions on imports of Russian enriched uranium to the West remaining high, it looks like this pressure on spot uranium prices is unlikely to end, UxC President Jonathan Hinze.

However, experts interviewed by the agency agreed that a real shortage of uranium in the market is unlikely to occur, since otherwise nuclear power plants could stop because of this. Therefore, if supplies from Russia stop, then there are uranium suppliers who can increase production and ensure its production in the long term.

The last time the world prices for uranium rose sharply against the backdrop of events in Kazakhstan in early January. On January 6, prices rose 8% to $45.25 a pound. Prior to that, uranium has risen sharply in price - by almost a quarter - in September 2021.