A large, offline mine is a very big deal in the uranium world, as nearly 60% of the world’s mined uranium comes from only ten mines. Cameco’s MacArthur River mine alone provides 15% of the world’s production. For comparison, the top ten mines in the gold sector produce only 19% of the world’s supply.
Politically, uranium production is also problematic. Let’s take a look at just a pair of snapshots from around the world. Consider them postcards from the frontier of the uranium market. (Even if you don’t care about uranium, this is an issue that affects many commodities, including oil.) First up, the blue men of the desert…
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