Uranium Best Energy Performer on Rebound From Fukushima Drop
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Uranium’s 18 percent rally makes it the best-performing energy commodity this year as the atomic fuel extends gains in a bull market amid signs that Japan will restart idled nuclear plants and China’s demand may strengthen.
The fuel is poised for its first annual advance since 2010, beating returns from power-station coal and all five energy securities in the Bloomberg Commodity Index. Prices jumped as much as 57 percent from a low of $28 a pound in May, providing a boost to producers from Australia to Kazakhstan. They were at $40.50 yesterday, according to data from Ux Consulting Co., which provides research on the nuclear industry.