Hedge funds stockpile uranium as price of nuclear fuel surges. Up to 50 firms are believed to have bought ‘yellowcake’ amid huge global supply deficit. Hedge funds are stockpiling barrels of raw uranium as the nuclear fuel’s price surges to 16-year highs. As many as 50 funds are believed to have bought and stored uranium concentrate, known as “yellowcake”, at a facility run by US processing firm ConverDyn alone, as speculators bet that prices are set to spike. One prominent … read more »
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