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.

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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 […]

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