Hedge funds stockpile uranium as price of nuclear fuel surges
Hedge funds are stockpiling barrels of raw uranium as the nuclear fuel’s price surges to 16-year highs.
Stay updated with breaking news from Cake Plc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hedge funds are stockpiling barrels of raw uranium as the nuclear fuel’s price surges to 16-year highs.
As many as 50 funds are believed to have bought and stored uranium concentrate, as investors bet on a price spike.
YCA | Complete Yellow Cake PLC stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Only one buyer appeared in the spot uranium market last week, and a rather familiar one
by Tyler Durden Tuesday, Mar 16, 2021 - 06:45 PM Uranium stocks soared on Tuesday following a burst of reports from top producers who are in the market for uranium in the spot market. It started with Kazatomprom, the world’s largest uranium producer, which Bloomberg reported may buy the nuclear fuel in the spot market after a London-based investment company exercised an option to purchase the metal. Yellow Cake Plc, which bets on uranium prices, said on Monday that it had exercised a $100 million purchase option with Kazatomprom. Yellow Cake also said it plans to make additional purchases ...