How to invest in uranium in 2024

Adventure_Photo/iStock The power of the atom can also power your portfolio.

Although uranium is a niche for investors among many other energy industry choices, a prudent allocation to the nuclear fuel can give a certain glow to your holdings. Uranium prices have heated up as a host of short-term factors align with the long-term global push to reduce the use of fossil fuels.

“Helping to push prices up are limited supply and nuclear power being seen as key in the fight against climate change due to its zero-carbon emissions,” said Michael Ashley Schulman, chief investment officer with Running Point Capital Advisors.

In addition to carbon-free electricity, uranium-fueled nuclear power is attractive for governments because of the increased desire for energy security, especially after Russia’s invasion of Ukraine threw global energy markets into turmoil.“In the face of geopolitical supply risks, nuclear energy holds advantages that other fuels such as oil, gas and coal […]

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