...Words like "uranium", "rare earths", etc. seem to be magic to
those unsuspecting who are often fleeced...
Gerald M. Loeb
The Battle for Investment Survival
Simon & Schuster, 1935
From Reuters via Mining.com, September 20:
Uranium prices are likely to extend a blistering rally and end the year more than 50% higher as mounting worries over climate change accelerate a global shift to cleaner sources of energy including nuclear power, analysts said.
Uranium spot prices are expected to climb to $75-$80 a pound by end-December, in a fitting finish to a year that has seen the metal rally about 36% to-date.
At current levels of around $66.25 a pound, prices are the highest since the 2011 Fukushima disaster. They had peaked at $140 a pound in 2007.
“The market has been slowly building higher prices as mining costs rise and nuclear generators look to build stocks to guard against increasingly risky supply-side issues,” said SP Angel mining analyst John Meyer....
....MUCH MORE
Possibly of interest:
Trans-Uranic Express: The First Uranium Boom and Lessons For Today's Investor
