Uranium price hits record as AI demand prompts nuclear comeback

What happened: Uranium prices are at record highs amid a global revival for nuclear power, driven by the AI data center boom and a Middle East crisis that has tightened electricity supply. Why it matters: Japan's push for stable fuel and Big Tech's demand for data center power are adding to tight supply, with Kansai Electric Power having restarted seven of its nuclear reactors in Japan.

Uranium prices are at record highs amid a global revival for nuclear power, driven by the AI data center boom and a Middle East crisis that has tightened electricity supply.

Japan's push for stable fuel and Big Tech's demand for data center power are adding to tight supply, with Kansai Electric Power having restarted seven of its nuclear reactors in Japan.