One of the summer’s most-hyped movies, “Oppenheimer” by filmmaker Christopher Nolan, is set to hit theaters this weekend. The film is a biographical thriller based on the life of J. Robert Oppenheimer, who oversaw the development of the atomic bomb. The summer blockbuster, which is expected to break box-office records, could also drum up interest in investing in nuclear power, particularly uranium stocks.
While the movie chronicles the most destructive use of nuclear power, Oppenheimer was also active in the postwar development of nuclear energy . The clean energy source is currently responsible for one-tenth of the world’s electricity generation with estimates that it could grow to 14% by 2050 .
Amid rising demand for nuclear power, the spot price of uranium, which is the main fuel for nuclear reactors, has catapulted higher in recent years , rising from around $27 per pound in July 2021 to nearly $56 per pound […]
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