Specialist Hedge Funds are Getting Rich Off Uranium's Burning Hot Moment

Specialist Hedge Funds are Getting Rich Off Uranium’s Burning Hot Moment

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In normal times, uranium is a pretty boring investment. The province of nerdy commodity traders and utilities, as much as 80% of ore gets sold through long-term contracts to nuclear power plants. There’s almost no uranium futures trading, there are no extreme libertarians calling for abandoning cash and adopting a uranium standard.

Suddenly, though, the rods are heating up. A viral twist has sent uranium prices and stocks through the roof this week and a handful of specialist hedge funds making bank from the critical mass. Nuclear Grade Payoff

Uranium prices spent years in the tank after the Fukushima disaster in 2011. Germany and Japan shut down reactors over safety concerns, leaving demand in freefall. But bullish supporters remained, arguing that CO2-free […]

About the author: StockMan

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