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Strategies & Market Trends : Natural Resource Stocks

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isopatch

To: Julius Wong who wrote (105384)	9/18/2023 7:15:22 AM
From: Julius Wong	1 Recommendation of 108635

Uranium prices have risen to their highest in 12 years. Prices for “yellowcake” — a type of uranium oxide concentrate in solidform — jumped about 12% to $65.50 per pound over the past month, according to the Financial Times. This is the highest since 2011, when Japan’s Fukushima nuclear disaster occurred. Right before the disaster, prices reached about $73 per pound. But uranium prices could reach $200 per pound by 2025, said Nick Lawson, chief executive of Ocean Wall, an investment house established in 2019.

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