Скачать или смотреть Uranium prices surge amid shortages in supply

Demand for uranium has seen a surge overnight with prices sitting at a nine-year high.

Shortages in supply for uranium saw its price rise from US$30 a pound just a month ago to US$48 a pound on Thursday with the share prices of Australian companies up by 70 per cent over the last couple of weeks.

“There isn’t actually much supply of uranium available to buy at the moment,” Sky News business reporter Ed Boyd said.

“Large investment funds are buying stockpiles of uranium and holding it as an investment to resell at a later date when the price goes up so the effects of stockpiling.

“Investors also see nuclear power as a way of reducing carbon emissions and are buying into uranium thinking there’s a massive growth potential there.”