The small pool of uranium companies can work to investors’ advantage. With the whole uranium sector having a market capitalization under $40 billion, generalist investing interest can cause prices to spike. (Spencer Platt/Getty Images)
West Virginia, a state heavily dependent on coal-mining revenues and the electricity produced from the fossil fuel, passed a bill earlier this year that did away with the state’s ban on nuclear power plants. It’s a stark reminder that the nation’s energy mix is changing as the world seeks to wean itself off of fossil fuels – and uranium-fueled power plants are likely to be key to that transition.
Across the pond, while some nations have opted to move away from nuclear power after the Fukushima nuclear disaster in Japan in 2011, others that were opposed to that type of power generation have taken a U-turn on the matter.
Meanwhile, the European Union is eyeing nuclear power as […]
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