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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Australian shares are set to open higher. Coles and Woolies to hit trading after Emerson review. Qantas kicks off $448 million share buyback. Follow here for more.

(Bloomberg) -- Uranium stocks are having their best run in months on a combination of flooding in Kazakhstan, the world’s largest producer of the nuclear fuel, and a burst of bullish coverage from banks including Goldman Sachs Group Inc.Most Read from BloombergSaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomTurkey Joins NATO Allies in Suspending Europe Arms TreatyMark Zuckerberg’s Wealth Exceeds Elon Musk’s for the First Time Since 2020Iran Tells US to Step A...

Though the rally for uranium may not be over, prices would still need to rise significantly to reach a new record high.

Amid a increasing global appetite for expansion of nuclear energy, uranium markets have been on a roll after prices for yellowcake gained more than 20% ytd.

A renaissance for the nuclear-power industry has run into a problem: Prices have soared for the radioactive uranium required to fuel reactors in the decades ahead.

The Sprott Physical Uranium Trust holds almost a third of the world’s annual supply -- and it’s getting bigger.

ETFs that track uranium are some of the best performers of the last two years.