Nuclear fuel prices surge as plans to triple power plant capacity face roadblocks

Prices for yellowcake, an unrefined form of uranium, have jumped by 75% over the past five years. The U.S. Energy Information Administration provided this data as the country aims to triple its nuclear power plant capacity by the year 2050. This big goal could run into trouble if plant operators cannot buy fuel at fair prices. The situation is harder because the country lacks major uranium resources inside its own borders, unless it looks to the ocean.