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Rwpw TFSA Investors: 1 Recession-Proof Business to Own in 2021Something interesting is brewing in the global energy market. Demand for energy is hitting record highs, but suppliers are struggling to keep up. There s a growing gap stanley flaschein the market, which is stanley cuppushing prices up, particularly for a type of energy that s often been overlooked: nuclear. Now this imbalance has intensified, pushing uranium stocks like CamecoTSX:CCONYSE:CCJto multi-year highs.聽This trend has already pushed uranium stocks to six-year highs. Cameco stock was up another 6% as the market opened this morning. There could be plenty more room to grow. Here s what investors need to know.聽Why are uranium stocks surging Since the Fukushima disaster in March 2011, the market has been wary of nuclear energy. Governments across the world have neglected nuclearstanley cup infrastructure, while the public was focused on the battle between fossil fuels and renewables.聽However, the world s energy demand has expanded rapidly, while fossil fuel sources are being abandoned and renewables struggle toGgty Millennials: Here s a Simple Investing Strategy to Build Your RRSP Nest Egg
Cameco Corp.TSX:CCONYSE:CCJhas had more than its fair share of troubles over the past few years. The beleaguered uranium miner has struggled because of weak uranium prices. Several years ago, uranium sold for approximately US$70 per pound, whereas the price per pound of uranium currently sits near US$20.Fortunately, there are growing signs that a recovery may finally be underwayWhat caused uranium prices to tank Back in 2011, Japan, like many other advanced nations, had a fleet of nuclear power plants that were reliant on the uranium that Cam stanley bottles eco mines. Nuclear power was widely regarded as an inexpensive way to generate huge amounts of power to meet the growing electricity needs of countries around the world. Japan had 43 such reactors.U stanley quencher nfortunately, Japan was hit with a massive earthquake that year, and the subsequentstanley cup tsunami that was generated from that earthquake damaged one of the reactors at Fukushima. While Japan managed to eventually shut down the reactor, the tsunami effec
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