Uranium is experiencing a strong rally on global markets, supported by structural and geopolitical factors. Renewed interest in nuclear energy as a sustainable alternative, especially in Asia and Europe, is pushing prices. Among the main beneficiary companies are Cameco Corp., NAC Kazatomprom and Paladin Energy.

The reasons for the increase

The “nuclear renaissance,” with China and India investing in new plants, and supply chain disruptions are among the main reasons. The accumulation of reserves by investors also contributed to growth.

Global X Uranium ETF: an opportunity

The Global With a low annual cost (TER 0.65%) and the support of Trendycator, which after the last excellent operation, recently signaled a long entry again, this ETF represents an opportunity to invest in the growth of the sector in a diversified way.

Global X Uranium URA IE000NDWFGA5 October 2024

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