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Uranium Heats Up, and Hedge Funds Score

Uranium costs are rising, enriching a handful of hedge funds which have been betting a market laid low by a nuclear catastrophe a decade in the past would rebound.

The worth of uranium hit an eight-year excessive of $44 a pound this week, in line with the value tracker UxC LLC. The surge follows the latest launch of an exchange-traded belief by Sprott Asset Administration LP, which has purchased massive stockpiles of uranium after elevating cash from shareholders and emerged as a well-liked buying and selling automobile in its personal proper, merchants stated.

https://www.wsj.com/articles/uranium-heats-up-and-hedge-funds-score-11631698681?mod=rss_markets_main | Uranium Heats Up, and Hedge Funds Rating

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