VanEck has launched a new thematic equity ETF in Europe targeting companies worldwide that are involved in the uranium mining or nuclear infrastructure industries. Nuclear power plants heat water to produce steam which is used to spin large turbines that generate electricity. The VanEck Uranium and Nuclear Technologies UCITS ETF has been listed on Deutsche Börse Xetra in euros ( NUKL GY ) with a listing on London Stock Exchange expected in the near future.
Uranium is the fuel most widely used by nuclear power plants as it has the unique feature of being able to self-sustain nuclear fission – the only known material to do so.
Although uranium is a relatively abundant metal, nuclear power plants typically require a certain quality of uranium, referred to as U-235, which is far more scarce.
Uranium prices struggled for much of the last decade after nosediving following the Fukushima disaster in March 2011 which […]
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