IEA: Critical minerals prices increasing at record pace

"Uranium for nuclear fuel is another element of concern. While Russia represents 6% of global production for mined uranium, the country has around 40% of global enrichment capacity. Uranium prices, already high at the end of 2021 due to tightening supplies, climbed by about one-third in March 2022 to the highest level since the Fukushima nuclear accident in 2011 in Japan. While uranium conversion and enrichment plants exist in Canada, China, France, the United States and elsewhere, many of them have been operating at low utilisation rates or are idled due to weak profitability."