Giant Oil Trader Begins Physical Trading In Uranium

Giant oil and gas trader Mercuria reportedly has begun physical trading in uranium, becoming the first major commodity company to do so, according to Reuters. If officially confirmed, which it has not been, it will mean that Mercuria joins the ranks of Wall Street banker Citibank, Natixis (part of French financial group BPCE) and other deep-pocketed traders who are betting on a nuclear energy boom driven by surging global electricity demand. The World Nuclear Association has predicted that demand for nuclear fuel will double by 2040 as technology…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com