Commodities
Uranium Exceeds $80 for First Time in More Than 15 Years
- Futures for yellowcake rose about $80.25 a ton on Monday
- Renewed demand alongside disrupted mines drives long rally
Uranium concentrate, a raw form of uranium known as yellowcake.
Photographer: Daniel Acker/Bloomberg
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Uranium prices topped $80 a pound for the first time in more than fifteen years on renewed demand for nuclear power and disrupted supplies.
Nymex futures tracking physical-market contracts for a raw form of uranium known as yellowcake hit $80.25 a pound on Monday. Prices have rallied sharply this year, hitting levels not seen since Japan’s Fukushima accident caused governments across the world to cut back on nuclear power.