Up, Up, Down, Down: Which commodities won in June? Uranium. Only uranium.

Up, Up, Down, Down: Which commodities won in June? Uranium. Only uranium.

Pic: Tom Werner/ Digital Vision via Getty Images share

What’s that, you say? Which commodities won and lost in June?

Let’s have a rummage around… WINNERS

Uranium Price: US$50/lb %: +5.53% In a month signposted by tumbling markets, global geopolitical dysfunction, rising interest rates and inflation up the wazoo, the nuclear fuel stood out as one commodity that swam against the tide and made it back to shore in June.Uranium had been on a downward trajectory since an initial bump in spot prices in March beyond US$60/lb, the generally accepted price level needed to incentivise new production in the nuclear industry.That lift had come from one major factor, Russia’s war with Ukraine.After initial tumbling amid (unfounded) fears that Russian forces would cause a major disaster by bombing Europe’s largest nuclear power plant at Zaporizhzhia in Ukraine, spot buying increased as fears Russian, Uzbek and Kazakh supply could be hit by […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet