Uranium prices have surged to their highest level since Russia’s invasion of Ukraine sent convulsions through commodities markets, as the European energy crisis fuels bullish bets on the future of nuclear power.
The material known as “yellowcake” has jumped 7 per cent since mid-August to breach $50 a pound, a price last seen when many commodities were propelled higher by supply fears in the spring. Many market participants expect uranium to rise even further, with Bank of America predicting it will hit $70 a pound next year.
Looking past the sharp spike triggered by the war in Ukraine, uranium last traded at such levels a decade ago, according to UxC, a nuclear fuel market research and analysis firm.
您已阅读14%（708字），剩余86%（4225字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。