Uranium Prices Hit A 12-Year High | ZeroHedge
By Charles Kennedy of Oilprice.com
The price of yellowcake – uranium concentrate used in nuclear generation – has surged to the highest level in 12 years as nuclear once again becomes a desirable form of energy generation.
The FT reports that yellowcake prices have gained 12% over the past month alone, hitting $65.50 per pound, which is the highest since 2011, before the Fukushima disaster.
The price rise is driven by a change in sentiment towards nuclear as governments (more…)