3 Uranium ETFs That Pack a Nuclear Punch

A tiny corner of the commodities market is going nuclear this year. Uranium prices – and therefore uranium stocks and uranium exchange-traded funds (ETFs) – have reached critical mass.

Commodities in general have enjoyed stellar gains so far this year, thanks to the sharp economic snap-back and related burst of fast-rising prices. Indeed, shares in commodity stocks dealing in steel, aluminum, copper and a host of other hard assets tend to outperform when inflation runs hot.

Uranium, however, has been in a class of its own. Prices are up 38% year-to-date, to $42.40 per pound. That’s an increase of nearly 140% since bottoming out below $18 per pound in late 2016.

Most of the price appreciation over the past five years has been driven by a rejuvenated global search for alternative energy sources. Over the past few months, however, a new source of support emerged. The newly launched Sprott Physical Uranium Trust […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet