The world's first fund that invests directly in uranium will launch next month. Managed by US firm Solios Asset Management, the fund will buy the metal, store it in facilities in the US and Canada and aims to make a return as the price rises.

The spot price of uranium has risen from $7/lb in 2000 to $45/lb by Friday. Since the beginning of the year, the price of the metal has risen 25%.

Solios launches world's first uranium fund

Renée Schultes

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