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Time to return to uranium ETFs?

Posted on 05 February 2013

The Japanese economy faced a difficult time in fiscal 2011 following the devastating earthquake and tsunami. To add to this were several explosions that occurred in the Fukushima nuclear power plant. Following the Fukushima disaster, the nuclear industry nearly collapsed and badly impacted the uranium sector.
Demand for uranium decreased soon after the catastrophe as many nuclear plants were shutdown and more projects were delayed. With supply outstripping demand, the price of uranium fell drastically. Subsequent to a slump in the uranium sector, ETFs tracking the sector were beaten down to more than half of its trading prices pre-disaster……………………………………..Full Article: Source


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This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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