Retail investors?are buying into uranium-linked funds, amid fears about the coup in Niger, a key producer, hitting supplies and wider expectations of a global increase in demand.
Energy companies are taking a renewed interest in nuclear power because of the impact of Russia’s invasion of Ukraine on gas supplies and the pressures to cut fossil fuel use and reduce carbon emissions.
Shares in Yellow Cake, a London-listed vehicle that holds physical uranium and is favoured by retail investors, are up 8 per cent in a month and 22 per cent since the start of 2023.
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