Uranium is Coming Into Its Own

Business Insider reported on the past year in uranium trading, noting long-term uranium is trending higher.

As quoted in the market news:

After a sluggish 2009 and a slow 2010, uranium seemed to be coming into its own at the beginning of 2011. The spot price went from $42/pound (lb) at the end of the decade to start 2011 above $60/lb. It quickly topped $70/lb in February and had $75/lb in its sights before the March 11 Fukushima nuclear accident slammed it back down briefly to $50/lb. With the exception of a couple bounces, it stayed lower through the rest of the year, closing at $52/lb.

Click here to read the full Business Insider report.