Cautious investors will remain wary of uranium even as the nuclear fuel trades at a 15-year high of $80 a pound with the promise of more to come as market and geopolitical conditions look alarmingly like a repeat of 1973.
Back then a war in the Middle East followed by an oil export embargo imposed by the Organization of Petroleum Exporting Countries (OPEC) sparked a 150% rise in the oil price with uranium joining the boom, though only for six years.
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