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Radioactive commodity is one this year's big losers
Thursday 22 Dec 2016 Author: William Cain

Uranium, the key fuel for nuclear power stations, was among the worst performing commodities in 2016.

In a strong year for industrial metals, precious metals and most energy products, uranium declined 45% in dollar terms during 2016 to $34.25 per pound as key consumers of the radioactive material pared back demand.

In Japan, two reactors were shut down because of opposition to their use following the 2011 Fukushima nuclear disaster.

And in France, reactors are out of action because of safety checks meaning the country is likely to rely mainly on fossil fuels over the winter.

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