Business
First silver, now uranium — fears of supply shortages drive up yellowcake share prices – Small Caps
Bank of America believes delays to planned nuclear plant closures in the US could increase uranium demand projections by 26 million pounds a year.
While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts.
The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more establishment source, the Bank of America (BofA).
As the Australian market opened on Tuesday, the uranium stocks tore out of the barrier gates and retained their vigour well into afternoon trading with several registering double-digit gains.
BofA says the delays to…
-
Noosa News23 hours agoHow Lily Steele-Park took her rapist to court and won
-
Noosa News24 hours agoE-biker charged with riding dangerously, assaulting cop
-
General22 hours agoBrick portico a relic of ‘prestigious’ Horton College in northern midlands
-
Business17 hours agoWhy Vault Minerals, Droneshield, Westgold Resources shares are climbing higher today