Uranium used to be a hot commodity in the mid-2000s, with the price of uranium oxide soaring to $152 a pound in 2007. It crashed during the financial crisis and then rebounded to $72 in early 2011, before slumping again. Now it is at an eight-year low of around $35, and virtually nobody pays any attention to it at all.
The commodity was hit by the disaster at Fukushima, which led to the temporary closure of all of Japan’s nuclear reactors and prompted Germany to abandon this form of energy.
The fall in demand left the market oversupplied while mine [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.