Gee Dave, why was the price of uranium hitting the floor last year? Could it be because it’s abundant?
Desperation to diversify; trying to game on China needing more of it later.
Russia also has an export model where they send a country not just a Nuclear reactor, but the fuel, and the crew to operate it.
Those reactors are pretty hefty investments, and having more supply closeby to where those reactors are located, allows them to keep the costs associated with it even lower. Especially if they’re building a client base for those reactors in South America (which they totally are.)