Goldman Sachs Getting Rid of Its Uranium Trading Unit

Goldman Sachs Group told a Congressional panel that is has stopped building its inventory of physical uranium and will shut down the unit over the next several years.

According to Bloomberg:

Goldman Sachs said it has stopped building inventory of physical uranium and will shut down the business over several years, according to a report released [Nov. 19] from the Senate Permanent Subcommittee on Investigations on banks’ involvement in physical commodities. The unit will complete a supply contract that continues until 2018, according to the report.

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