Uranium ETFs: Promising Picks as Nuclear Energy Resurges

Image: Bigstock The sentiment among uranium is one of optimism, with expectations of a further recovery in uranium prices in 2023. This positive outlook is driven by the resurgence of nuclear energy, as several developed countries are extending the lifespan of existing nuclear power plants and investing in new constructions. In the face of the ongoing energy crisis and the need for reliable, low-carbon power sources, nuclear energy is gaining popularity once again. Changing Landscape of Nuclear Energy

Countries such as Japan, France, South Korea, India, the UK, the United States, and Germany have recently announced plans to expand their nuclear power programs. Japan, in particular, has been a major catalyst for the increased demand for uranium. The restart of its 40 existing reactors would raise the structural demand for uranium, according to Rick Rule, CEO of Sprott US Holdings, as quoted on an article published on mining.com. Supply […]

Click here to view original web page at www.zacks.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.