Nuclear fuel differs from commodities like gas or coal because it requires precision-engineered assemblies that conform to licensing requirements set by safety regulators.
European utilities will have to be prepared to pay premiums to draw cargoes from South Africa, the Americas, Australia and Indonesia, writes Clyde Russell.
It took 70 years for oil and gas to take 50% of the global primary energy market from coal. Today renewables can't even match incremental growth in demand.