Mineral Resources
Goldman, hedge funds step up activity in physical uranium as rates spike
Financial investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a recently resilient uranium sector as costs of the nuclear fuel ingredient spike. While many other financial investment banks are still avoiding uranium, Goldman and Macquarie are improving trading in physical uranium and in Goldman's case trading its options as well, five market and hedge fund sources with knowledge of the deals stated. The heightened activity comes as utilities seek brand-new supplies in the middle of deficiencies that have lifted rates to 16-year highs. A couple of hedge funds...