Hot Rod
Having your yellowcake and eating it too: Spot U308 uranium prices reached $62 per pound this week according to market data firm UxC, up some 30% in the year-to-date and touching the highest level in more than a decade.
“There’s a shortage of uranium at a global level but it’s particularly pronounced in the Western-aligned countries,” Kevin Smith, managing director for energy metals at commodity trading firm Traxys, told The Wall Street Journal yesterday.
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