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Nuclear energy players need to take 90% uranium price spike bill or shut plants

The price of uranium has increased by 90% in 12 months, surpassing its cost in 16 years. Shutting down a nuclear power plant is costly and time-consuming, with daily costs reaching $1 million. However, the demand for uranium is rising due to the need for low-carbon power sources. Countries like France and the UK are reconsidering nuclear energy and expanding capacity. The global uranium supply is facing a deficit, with a shortage of enriched uranium as well. Hedge funds, ETFs, governments, and u...
City Of United Kingdom Nick Lawson Sean Wade Vladimir Putin Cameco Corp

This uranium investor appears to be in a sweet spot amid a resurgence in nuclear power

Last week’s first-half results from Yellow Cake read very well, as net asset value shows healthy gains, buoyed by higher uranium prices and well-timed additions to the company’s stockpiles of triuranium octoxide (U3O8) in its specialist warehouses in France and Canada.
United Arab Emirates Yellow Cake United Kingdom Net Asset Value Uranium Price Uranium Prices
Source: yahoo.com

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Is Cameco Corporation (CCJ) Attractively Priced Now?

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned -6.16% (net) compared to a -4.78% return for the Russell 2500 Index. Furthermore, the fund underperformed its secondary benchmark, the Russell 2500 Value Index, […]
Stan Druckenmiller Cameco Corporation Popular Stocks Among Hedge Uclear Power Plants Meridian Funds Fukushima Nuclear Disaster
Source: yahoo.com

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