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HomeBusinessWSJ News Exclusive | Uranium Heats Up, and Hedge Funds Score

WSJ News Exclusive | Uranium Heats Up, and Hedge Funds Score


Uranium costs are rising, enriching a handful of hedge funds which have been betting a market laid low by a nuclear catastrophe a decade in the past would rebound.

The worth of uranium hit an eight-year excessive of $44 a pound this week, in keeping with the value tracker UxC LLC. The surge follows the latest launch of an exchange-traded belief by Sprott Asset Administration LP, which has purchased massive stockpiles of uranium after elevating cash from shareholders and emerged as a popular buying and selling car in its personal proper, merchants mentioned.



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