Uranium Stocks, ETFs and Other Ways to Invest in the Nuclear Fuel

Uranium ETFs can offset company-specific risks by grouping different stocks into one ticker symbol. In late January, Canadian uranium miner Denison Mines Corp. (ticker: DNN ) and its joint venture partner, French nuclear fuels company Orano, announced that they will restart a uranium mine that has been idled since 2008.

Sixteen years ago, declining uranium prices meant the economics of the mine didn’t make sense. Now, with uranium prices having roughly doubled over the past year, they do.

The companies plan to use a new mining method that takes less time to ramp up, but even then they don’t expect commercial production to start until 2025, highlighting one of the bottlenecks to increasing supply even while demand increases.

The nuclear fuel is being called upon to generate a greater amount of electricity as the globe tries to wean itself from fossil fuels. "Many countries have seen the upside to having nuclear generators […]

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