Persistently High Oil Prices To Benefit Uranium – Analyst

Uranium, a metallic element used in nuclear power generators, is likely to benefit from persistent high oil prices which are creating opportunities for mining companies with uranium assets, an equities analyst said late Tuesday.

“Uranium will be traded as part of the energy portfolio, since nuclear power plants as an energy source is fairly widely accepted,” said David McGlashan, director of research company Intersuisse Corporate.