(Bloomberg) -- An unprecedented number of short
sellers are attempting to exploit the uranium mania that prompted
more than 12 mining companies to quintuple their share prices
during the past four years.
Demand from utilities to fuel nuclear reactors has plunged
72 percent from an April 6 peak, according to TradeTech LLC,
which has tracked uranium prices since 1968. In the second week
of July, 3.4 million pounds of the metal was available, more than
three times the amount purchased by power companies.
Read more at Bloomberg Energy News
sellers are attempting to exploit the uranium mania that prompted
more than 12 mining companies to quintuple their share prices
during the past four years.
Demand from utilities to fuel nuclear reactors has plunged
72 percent from an April 6 peak, according to TradeTech LLC,
which has tracked uranium prices since 1968. In the second week
of July, 3.4 million pounds of the metal was available, more than
three times the amount purchased by power companies.
Read more at Bloomberg Energy News
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