Goldman Sachs is going nuclear

Investment bank Goldman Sachs could soon add delivery uranium to its high-powered commodities platform and may already have stocked it for trading, reports The New York Post.

The bank run by its CEO Lloyd Blankfein is gearing up for a boom time as new generation uranium-fuelled nuclear plants are mushrooming around the world.

According to the report, the bank predicts a boom in uranium trade in the next several years.

Goldman has spent years building up its commodities platform, which trades energy derivative contracts, the newspaper reported.

The bank inherited its uranium stockpiles about a year ago as a part of a larger acquisition of London-based commodities-trading operations from then cash-strapped Constellation Energy Group, the report said.

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