Nuclear energy remains controversial as a power source—to say the least. Some say it is the solution to our energy needs, while meeting zero-carbon targets. Others say it only adds another type of problem for our environment.
Meanwhile, in the world of markets, uranium has been the hottest commodity so far in 2023 (except for orange juice). Its price has soared by 68%, jumping from about $30 per pound in the summer of 2021 to more than $80 today, the highest it’s been since 2008.
Is this just a bubble blown by speculators? The fundamentals say not. Let me explain…
This post originally appeared at Investors Alley.