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…
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