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 […]

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