Nuclear renaissance

The Fukushima Daiichi nuclear power plant, damaged by a massive March 11, 2011, earthquake and tsunami, is seen from the nearby Ukedo fishing port in Namie town, northeastern Japan, Thursday, Aug. 24, 2023.

BELGRADE - Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said on Friday the opening of a public debate on amendments to the Energy Law that propose lifting a ban on nuclear power plants could not be associated with a recent visit to Serbia by French President Emmanuel Macron.

The price of uranium has been on the rise, driven by constrained supply and accelerating demand, against a backdrop of renewed interest in nuclear power.

The benchmark contract for uranium oxide which, once enriched, is used as nuclear fuel, rose to $85.75 a pound (around 450 grams) on Dec. 15 for the first time since January 2007.

An increasing number of nuclear power projects in developing countries have given a boost to demand for firms from the developed world but questions over cost and safety continue to linger