ASX uranium shares are once again becoming a hot topic. Somewhat ironically, investing in uranium miners is controversial in Australia. I say that because Australia is believed to have the world’s largest uranium resources. At least for resources that are recoverable at a reasonable cost. Yet with no nuclear power generation of its own, and no nuclear-powered naval vessels, many Aussie investors view uranium as a dangerous energy source best relegated to the last century.
Now there are good reasons to be cautious around uranium. It can, after all, be enriched for use in nuclear missiles. And the waste remains radioactive for many centuries.
On the flipside, however, uranium produces power without any carbon emissions. And in a world intent on de-carbonising without turning off the power, some analysts are forecasting a fresh bull run for uranium. The case for a 2021 uranium bull market
Ben Cleary is a portfolio manager […]
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