Uranium (US$/lb)
Europe's electricity system is under mounting pressure as extreme heat disrupts nuclear and hydroelectric generation, with record heat-related outages at France's nuclear fleet, falling river levels threatening Hungary's only nuclear plant, and drought reducing hydro output across the Alps and Nordic region. The situation has been exacerbated by higher natural gas and coal prices following the US-Iran conflict, raising the risk of persistently elevated power prices as France loses record nuclear output and Norway's hydro reservoirs replenish at their slowest pace in two decades ahead of winter - nuclear currently satisfies over 20% of EU electricity generation.
