It seems like yesterday - July 5, actually - when I asked whether a new bull market for uranium had begun. The answer to this question is apparent today - it's a resounding yes!
Uranium prices (UXU23) have surged to their highest level in 12 years - since 2011, before the Fukushima nuclear disaster - jumping about 12% to $65.50 per pound over the last month, according to data provider UxC. This price gain underscores a global renaissance in nuclear power, as utilities race to lock in nuclear fuel supplies.
