Uranium Prices6 Sep 2018 17:25
From the FT today
"As the nuclear industry gathers in London this week for one of its biggest annual shindigs, it does so with the price of uranium at its highest level in more than a year.
Production cuts, cancelled projects, and interest from financial investors has helped drive the price of the radioactive material, used in nuclear reactors, up by 30 per cent since April.
After years of pain, uranium bulls are on the front foot. The market has now bottomed and the price is set to move higher, they argue, as the industry get to grips with issues that have blighted it over the past decade and China continues its war on pollution.
“In the parts of the world, which face growing demand for clean energy such as China, nuclear power is going to be really important,” said Nick Stansbury, fund manager at Legal & General Investment Management.