By Tim Treadgold, September 7, 2023 It's getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared to go where few have gone in the past 50 years. Uranium, however, is a special case. Not just because it can be used in massively destructive nuclear weapons but also for its boom/bust history which first seduces investors and then slams the door on them. Role of history and decarbonization History could repeat the bruising sell-offs which followed nuclear accidents at Three Mile Island in the US, Chernobyl in Ukraine and Fukushima in Japan, though this time around there is a new factor offsetting the negatives; decarbonisation. Limiting emissions of carbon dioxide, the gas wearing most of the blame for climate change, has restored interest (and investment) in nuclear power. While some Australian politicians and environmental activists are stuck in the past the rest of the world is moving on. Page 3 Kaplan Business School Assessment Outline 2023