YLLXF - Goldman Sachs Enters Uranium Derivatives Market As Prices Double To $102 Per Pound | Benzinga
Goldman Sachs (NYSE:GS) and Macquarie (OTCPK: MCQEF), along with certain hedge funds, are strategically positioning themselves to capitalize on the newfound buoyancy in the uranium sector.
Unlike nickel, which faces increasing supply and waning demand, there has been a surge in uranium prices, doubling over the past year to reach $102 per pound.
Top producers like Kazatomprom (OTCPK: NATKY) and Cameco (NYSE:CCJ) have cut production guidance. A supply shortfall drove the price spike. Additionally, the revival of nuclear energy to reduce carbon emissions has contributed to the positive momentum.
The metallic chemical element is now above its long-standing cap at $30 ...