Goldman, Deutsche Bank looking to get out of yellow cake. Goldman Sachs (GS) and Deutsche Bank (DB)
are seeking to exit an area of operations that not that many people
know they're involved in: trading supplies of raw uranium, or yellow
cake. Between them, the companies have built up stockpiles of low-grade
uranium larger than those held by Iran. However, with scrutiny of banks'
physical-commodities trading increasing and demand low following the
Fukushima disaster, the firms are looking to sell their uranium trading
desks.
When it comes to achieving good engineering outcomes, is it the direction of the big banks and related financial institutions that can somewhat control the situation, working to an agenda that isn't widely known? How can good engineering, (whatever the discipline), have more influence?
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