Uranium surges 31% amid shutdowns to become year’s top commodity

MINING WEEKLY | While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing.


The radioactive metal used in nuclear fuel has climbed 31% this year, making it the world’s best-performing major commodity. The gains have been spurred by mine shutdowns that have wiped out more than a third of annual global output at a time when demand from power plants has remained relatively stable.


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