Uranium Cracks The $100/lb Ceiling With The Potential To Keep Rising

On cue, uranium has crashed through the $100 per pound ceiling, its highest since 2007, with the potential for more to come as demand for the nuclear fuel outstrips supply.

Uranium exposed companies are enjoying boom trading conditions with share-price increases over the past week of more than 30%, taking gains since this time last year to more than 80%. A sign supporting the mining of uranium on a desk in Chatham, Virginia, U.S., in 2018. Photographer: … [+] Australian listed Boss Energy, which is close to producing its first uranium from the redeveloped Honeymoon project has risen by 33% in a month and 132% in 12-months.

Leading Canadian uranium miner, Cameco, has risen by 96% over the past year and London-listed Yellow Cake, which is named after a form of traded uranium (yellowcake), is up 82%.

Pressure has been building in the uranium market for the past five years as a […]

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