Surging prices for ore and concerns over Russian imports lead to mothballed mines being restarted
Over a 40-year career, Scott Melbye watched the US uranium industry fall from its position as the world’s leading producer of the radioactive ore that powers nuclear reactors to an also-ran with negligible production.
Now, the president of the Uranium Producers of America is leading an industry charge to revive mothballed mines and invest in new production to capitalise on soaring prices and policies aimed at reducing the US’s dependence on Russian imports.