Why the rally in uranium that lifted prices to a 15-year high may not be over

Commodities Corner

Weekly uranium prices would still need to rise around 68% to reach a record high

Uranium prices have climbed to their highest since early 2008. MarketWatch photo illustration/iStockphoto Referenced Symbols

SRUUF -1.94% CCJ -0.52% This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email audiofeedback@marketwatch.com .Uranium prices have climbed to their highest level in more than 15 years, prompting investors to take notice, as analysts point out the obvious signs that the big rally in the sector was years in the making.Weekly spot uranium prices stood at $81 per pound as of Nov. 27 — the highest since January 2008, according to data from nuclear-fuel market information and analysis firm UxC.The uranium spot market had been tightening in the past two to three years due to a large “work-off of inventories,” said Jonathan Hinze, […]

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