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Uranium Hits Record High While Nuclear Stocks Slide
The leading economics blog online covering financial issues, geopolitics and trading. If you only looked at the price of the fuel, you'd think the nuclear trade has never been better.
Summary
The leading economics blog online covering financial issues, geopolitics and trading. If you only looked at the price of the fuel, you'd think the nuclear trade has never been better. Long-term uranium prices are sitting at $96/lb, an all-time record and up ~12% YTD, taking out the $95/lb high set in mid-2007 at the peak of the last uranium mania (per UxC data compiled by TD Cowen). Spot has followed along to roughly $90/lb, up ~11% YTD.
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