The price of uranium has increased by 233 percent over the past five years, Bloomberg reports.
The media outlet notes that the price of uranium has increased three times more than that of gold and copper. The growth demonstrates the scale and speed of the turn to nuclear energy. Traders are «frenziedly trading» shares of uranium companies as the cost of the radioactive element rises, Bloomberg reports.
The value of mining companies in Canada has increased by more than 400 percent over the past four years.
