The most-hated metal in the world is due a comeback

During the commodities boom, uranium was the bubbliest metal of them all – but the price of the nuclear fuel has collapsed, alongside support for nuclear power. Dominic Frisby asks: is now the time to buy?

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A new uranium investment vehicle is set to begin trading on Aim this week. It goes by the name of Yellow Cake, and it's aiming to raise up to $200m at its initial public offering (IPO). This is no cash-starved micro-cap there is serious money involved. So what's its game? And why now, given the apparent deep lack of interest in uranium, and nuclear power generally?

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Dominic Frisby

Dominic Frisby (“mercurially witty” – the Spectator) is as far as we know the world’s only financial writer and comedian. He is the author of the popular newsletter the Flying Frisby and is MoneyWeek’s main commentator on gold, commodities, currencies and cryptocurrencies. He has also taken several of his shows to the Edinburgh Festival Fringe.

His books are Daylight Robbery - How Tax Changed our Past and Will Shape our Future; Bitcoin: the Future of Money? and Life After the State - Why We Don't Need Government

Dominic was educated at St Paul's School, Manchester University and the Webber-Douglas Academy Of Dramatic Art. You can follow him on X @dominicfrisby