In a shocking recent development, uranium futures rallied from a huge loss to an all-time 9-year high. With that came a rise in the price of uranium stocks. The price of uranium is currently sitting at $48.50. The reasons for this rise are many. But none more than the fact that investors are seeing uranium as the perfect substitute for traditional fossil fuels.
With the world, and more importantly Europe, currently experiencing an energy crisis, uranium and nuclear power might be the way out. Since late August, uranium prices have been on a rapid climb. And while we did see a slight dip this month, prices are correcting, and we might see uranium surpass the 9-year high of $50.8.
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