Uranium prices are soaring. Investors should be careful
The metal has a history of meltdowns
It is, by now, a familiar story. A metal previously only traded in a sleepy corner of commodity markets becomes vital for the energy transition. Constrained supply and geopolitical jockeying meet forecasts for ever-rising demand. Prices surge as investors foresee a crunch. The only wrinkle in the story is that this time the metal is not used in electric vehicles or solar panels; it is used in the decades-old technology of nuclear reactors. Uranium prices are blowing up.
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This article appeared in the Finance & economics section of the print edition under the headline “A history of meltdowns”
Finance & economics March 2nd 2024
- Activist investing is no longer the preserve of hedge-fund sharks
- How Trump and Biden have failed to cut ties with China
- Uranium prices are soaring. Investors should be careful
- Stockmarkets are booming. But the good times are unlikely to last
- What do you do with 191bn frozen euros owned by Russia?
- Are passive funds to blame for market mania?
From the March 2nd 2024 edition
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