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« Department of Energy Invests $64 Million in Advanced Nuclear Technology | Main | If Nuclear Power Is So Safe, Why Are We So Afraid Of It? »
Wednesday
Jun132018

It’s only a matter of time before this hated metal makes a comeback

 

In 2007, uranium was the bitcoin of its day.

Penny stocks turned into billion-dollar companies as the world rushed to invest in what seemed to be the only solution to a looming energy crisis.

Then, in 2007, the bubble burst. The uranium price has fallen every year since. Most of the companies that sprung up no longer exist. Uranium became loathed by almost all and sundry.

But I see that a new uranium investment vehicle, Yellow Cake, is listing on AIM next month with plans to raise $160m at IPO (initial public offering).

Does this mean the uranium game is back on?

The rise and fall of the nuclear metal

Uranium is deeply cyclical. We think of the 2007 high at $137 per pound as the all-time high. Yet, adjusted for inflation, the highs of the late 1970s-to-early 80s weren’t very far off that level.

There were many parallels between the two periods – the 2000s and the 1970s – not least soaring oil and commodity price inflation alongside a strong narrative that investment was needed in other energy sources if we were to maintain our current lifestyles. In the 1970s, the nuclear arms race also added significantly to the buying.

more...

About time too.......

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