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Uranium's Role in Energy Transition and Nuclear Power's Future
Uranium, a key element in the energy transition, has seen its prices double since 2020 due to supply concerns. It is essential for nuclear power generation, which is carbon emissions-free and provides reliable baseload energy, despite challenges like radioactive waste and past disasters such as Fukushima. Enrichment processes increase the concentration of the fissile isotope U235, crucial for nuclear fission, which generates significant energy.