Best Uranium ETFs To Invest in 2024

Buoyed by supply risks and robust long-term demand prospects, uranium spot prices topped $100 per pound in early 2024. Despite a recent pullback, miners and analysts unanimously believe that the long-term upward trend in uranium prices will persist.

Last month, the world’s largest uranium producer, Kazakhstan’s Kazatomprom revealed during an earnings conference call that they anticipate a supply shortfall of 21 million pounds by 2030, which is projected to grow to 147 million pounds by 2040. Additionally, Cameco issued a warning indicating supply challenges in the coming years. Together, these two companies account for half of the global supply.

Justin Huhn, an analyst at Uranium Insider, stated that the reason for the bullish uranium price outlook is quite simple: demand far exceeds supply. The upward trend in uranium prices indicates a brighter future for uranium miners and stocks, and is likely to drive up the prices of related exchange-traded funds (ETFs). […]

Click here to view original web page at nai500.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.