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Goldman Sachs going into the uranium delivery business.

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rug Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-10 12:04 PM
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Goldman Sachs going into the uranium delivery business.
Goldman Sachs is about to go nuclear.

The gold-plated investment bank, run by CEO Lloyd Blankfein, is making a concerted push into the delivery of uranium for the first time, adding to its high-powered commodities platform.

The vaunted investment bank is predicting a big boom in the development of a new generation of nuclear-powered plants -- fueled by uranium -- over the next several years.

Goldman has spent years building up its commodities platform, which trades energy derivative contracts. It also owns subsidiaries that buy and sell the physical commodities, such as oil and natural gas, that are the basis for those contracts.

http://www.nypost.com/p/news/business/bank_commodities_business_to_deliver_x8LatzOSA1dTMEJoddf4bM
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