Has anyone put the rule of increased construction of Nuclear power plants in china and the world as a precursor to the sudden spike in IO futures.
A trip down memory lane recalls the 2011 iron bull driven by factory buildings in china. I suspect that if nuclear plants are being aggressively constructed currently and the amount of steel i know they consume that 2011's highs will be nothing compared to what is around the corner.
Be interesting to hear other peoples opinion on this as this is just my own speculation of what is really going on.
AGO Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
