For a resource that could spark a cataclysm in the Middle East, uranium sure is cheap. A pound of uranium oxide costs about $42 right now, down from $54 last summer, according to Ux Consulting.
Is a rebound in the cards? If it is, the trigger wouldn't come from Tehran, but rather Beijing, New Delhi and Washington. Nuclear power is staging a come-back in fits and starts, as countries seek diverse sources of electricity with low-carbon emissions. China alone is expected to increase its nuclear-power output by 8.9% a year out to 2030, according to the U.S. Department of Energy.
