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Uranium price surge driven in part by hedge funds: top trust – The Australian Financial Review
Uranium has soared 40 per cent this month, putting pressure on utility owners and other users when supplies are dwindling.
Still, Sprotts trust holds about 26 million pounds of uranium, equal to about 14 per cent of the annual consumption from the worlds nuclear reactors. The closed-end fund was formed out of an April takeover of Uranium Participation Corp., which held 18 million…
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