2024-04-01 16:50:00 ET
Exchange-traded funds (ETFs) are one of the fastest-growing investment vehicles, and as uranium's rebound continues to build, investors are becoming increasingly interested in uranium ETFs and related products.
The uranium spot price has zoomed past the US$100 level in 2024 on supply risks and a bullish outlook for long-term demand. Whether it will continue to strengthen is uncertain, but those with a positive view of the market think it will happen — supporting factors include the lack of new uranium mines coming online, Russia’s dominance in uranium conversion and enrichment, rising demand for low-carbon energy sources and the continued development and deployment of small modular reactors.
There is also increasing demand for uranium from China and India as both these countries grapple with air pollution in the face of growing electricity demand. China is working to expand its nuclear power capacity , and although it ranks among the top 10 uranium-producing countries, the Asian nation relies heavily on uranium imports to meet its nuclear fuel demand.
For further details see:
How to Invest in Uranium ETFs (Updated 2024)