Up, Up, Down, Down: Lithium, iron ore, rare earths tank as uranium shines brightest

Lithium rolled relentlessly forward for a long time. But it was not only been stopped in its tracks but pushed backwards in April. Picture: Getty Images Uranium has gone into May with a spring in its step, while lithium looks battle scarred after a steep fall in April. Here are the month’s winners and losers.

For the latest mining news, sign up here for free Stockhead daily newsletters WINNERS

Uranium (Numerco)

Price: $US53.75/lb Change: +5.91 per centIs this the time uranium finally breaks out of its $US50/lb box?Yellowcake has finally put on a small, measured run, lifting by $US3/lb in the last week of April, after almost four months of stagnation.The conditions for a big lift in uranium prices, akin to that seen in the manic days of the mid-2000s, are re-emerging if you listen to the bulls.The case for the energy commodity is that we are […]

Click here to view original web page at www.couriermail.com.au

About the author: StockMan

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.