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Kazakhstan contains the world’s second-largest uranium reserves and has ambitious plans to massively boost its output of the silvery metal, as evidenced by this year’s production.
Kazakhstan is not only increasing its mine production, but moving to develop fuel fabrication facilities in an effort to move from mining to the higher-value-added production of nuclear fuel fabrication.
According to veteran Wall Street economist Henry Kaufman, a bubble has formed in commodities as “speculative fervor” returns to markets after the global financial crisis. He added that the "speculative fervor" where participants are borrowing heavily in short-dated markets “might be a risk for the dollar.”
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Warren Buffett may be the world’s second richest man, but that doesn’t mean all his holdings turn to gold. The investment legend is struggling with his 1998 purchase of private jet service NetJets. Berkshire Hathaway, Buffett’s holding company has yet to recoup its $725 million investment in NetJets.
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