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After languishing in a bear market for a decade, uranium has staged an impressive comeback as Russia’s war on Ukraine exacerbated the global energy crisis and sent Europe scrambling to replace Russian oil and gas
Uranium prices have rallied back above $50 a pound and could jump to $70 next year, according to Bank of America.
Much of the activity driving up uranium prices has come from the Sprott Physical Uranium Trust as opposed to utilities or producers, the bank said.
Uranium prices rose 11% Friday, their highest level since Japan's 2011 Fukushima nuclear disaster, after reports Biden is eyeing sanctions against Rosatom.
Uranium prices rose 11% Friday, their highest level since Japan's 2011 Fukushima nuclear disaster, after reports Biden is eyeing sanctions against Rosatom.