Uranium exhibits non-linear price elasticity because nuclear utilities have no substitution option—they will pay 'anything' for fuel because a reactor shutdown costs $1 million per month in lost output and creates risk of societal unrest if one in four western seaboard US households lose power.
causalpending
Speaker
Nick LawsonEvidence Quote
“the price is infinite because if you don't have the nuclear fuel, you have to shutter your reactor and that means that your plant could be offline for 12 months to a year.”
Created: 8/11/2026, 6:31:16 AM
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