Newsig · Oil & Gas
Uranium Hits Record High While Nuclear Stocks Slide
If you only looked at the price of the fuel, you'd think the nuclear trade has never been better. Long-term uranium prices are sitting at $96/lb, an all-time record and up ~12% YTD, taking out the $95/lb high set in mid-2007 at the peak of the last uranium mania (per UxC data compiled by TD Cowen).
Why it matters
URNM · Why linked: Another uranium-focused ETF that gives exposure to miners and nuclear-fuel-cycle companies affected by the price action described. Market context: May benefit if uranium miner valuations rebound toward the record-high underlying commodity price.
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