Could Rising Uranium Prices Be Affecting Nuclear Energy Plant Profitability?
November 30, 2022 at 13:16 PM EST
According to data from HANetf’s Sprott Uranium Miners, uranium has been one of the best-performing asset classes of 2022, with October being an especially good month for the metal. The fund revealed that uranium spot prices went up by 24.12% over the year until Oct. 31, going up by 8.32% in October alone while the rest of the commodities market saw a gain of just 1.67%.
Uranium, which is the primary fuel for nuclear power reactors, has seen its demand increase in recent years as countries step up…
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