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Prices topped $80 a pound as demand for nuclear power gains momentum. Uranium production has recently run into hurdles, but investor interest remains solid. AdvertisementA nuclear power renaissance is fueling investor interest in uranium, helping to drive the price of the key energy commodity to a 15-year high. Uranium futures tracking a form of uranium called "yellowcake" hit $80.25 a pound on Monday, Bloomberg reported. Prices have been on the rise this year after a decade of trading sideways, due to growing demand for nuclear power.
Persons: Organizations: Bloomberg, Service, Crux, Terra Capital, Segra, Argonaut Capital Partners, Bloomberg Intelligence Locations: Kazakhstan, Canada, Australia, Canadian, Niger, Europe
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