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Uranium stocks are soaring. Here's why and what's next
Uranium stocks have come roaring back to life as prices for the commodity hit US$70/lb in September, the highest level since the Fukushima disaster in 2011. Uranium officially entered into a bull market (well at least the textbook definition of a bull market) earlier this month after rallying to US$60/lb from US$50/lb at the beginning of the year. The revival has been more than a decade in the making, after the Fukushima Daiichi disaster of March 2011 triggered an abrupt drop in uranium consumption and changes in pro-nuclear energy policies. chart It wasn’t until August that prices started to push the US$50/lb ... (full story)