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Why Uranium Stocks Exploded This Week

·2 min read
Why Uranium Stocks Exploded This Week

Shares of uranium stocks were on fire this week as uranium spot prices continued a steady rise. According to data by Markets Insider, the spot price of uranium is up 65.5% so far this year and has risen from $42.40 per pound to close last week to $49.65 as I'm writing. This has suddenly become a hot commodity in the energy industry.