Over the past couple of years, the nuclear energy sector has enjoyed a renaissance in the U.S. and many Western countries thanks to the global energy crisis triggered by Russia's war in Ukraine, high power demand and nuclear's status as a low-carbon energy source. Uranium demand has soared thanks to a series of policy 'U-turns' with governments from Japan to Germany revising plans to phase out nuclear power. Uranium spot prices hit an all-time high of $81.
is a nuclear fuel material enriched to a higher degree between 5% and 20% in the fissile isotope U-235. According to the World Nuclear Association, applications for is only currently available from TENEX, a Rosatom subsidiary. LEU stock is still up nearly 50% over the past 12 months. Stocks of uranium miners have not been spared, either, with shares of Cameco Corp.
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