Uranium futures in the US fell to $85 per pound in March, its lowest in two months, despite the upswing in coal prices to reflect concerns that the year-start rally may have been overdone. Still, yellowcake prices remained slightly higher since the December on the bullish view of demand. Recent developments in nuclear power investment have been headlined by operators of power-hungry data centers, driving multiple tech giants in the US to sign contracts for small modular reactors. The US cut regulations on the construction and permits for uranium converters and enrichers and announced deals for the construction of new power plants. These include a partnership with Cameco, which approved the development of Westinghouse reactors, and a fresh $2.7 billion in contracts to Centrus and two other reactors and enrichers to offset the shun of supply from Russia following sanctions on their nuclear fuel.
