China's buying spree begins a stealth uranium bull market

"Smart" money flooding back to the sector? China just went on a resource-buying spree of massive proportions. I'm not talking about oil, natural gas, gold, copper, silver, or grain. I'm talking about one of the world's most hated resources right now: uranium. This time last year, nuclear energy was in the midst of a renaissance. Advocates were hailing it as a cheap, carbon-free source of energy. The entire sector soared. Shares of major uranium miner Cameco doubled from June 2010 to February 2011. Uranium juniors like UEX Corp. performed even better. UEX's shares rose 298% from May 2010 to February 2011. But in March 2011, an earthquake and tsunami struck Japan. They destroyed several nuclear reactors at the Fukushima Daiichi power complex. The resulting contamination was the second-worst nuclear disaster since Chernobyl. Continue reading this article

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