Goldman Sachs and Macquarie, along with some hedge funds, increase trading activities in physical uranium as prices reach 16-year highs.
Investment banks Goldman Sachs and Macquarie, along with some hedge funds, are increasing their trading activities in physical uranium as prices soar to 16-year highs. This comes as utilities seek new supplies, leading to increased involvement in both equity and physical uranium trading by financial institutions. Goldman Sachs has started writing options on physical uranium for hedge funds, creating a derivative for the metal.
February 20, 2024
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