With the green energy boom heating up, keep an eye on uranium and related stocks, like Cameco (SYM: CCJ). Helping, Congress passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production
“The broader package also includes a ban on federal licenses for reactor fuel imported from or produced by entities controlled by Russia while adding China and China-controlled entities to the import blacklist,” according to UtilityDive.com. In addition, according to MarketWatch.com, “A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices back above $100 a pound for the nuclear fuel which has been tight on supplies.”
In addition, uranium demand is expected to jump 127% by 2030. By 2040, demand could be up by 200%, creating a potential 240-million-pound deficit. Worse, the deficit could continue to widen with growth in annual demand expected to triple by 2050, as noted by NexGen Energy.
Also, according to Cameco CEO Tim Gitzel uranium prices are soaring higher due to global factors that will “persist for years,” as noted by Seeking Alpha. “Market tightness caused by supply chain challenges, ongoing mine depletion, declining secondary supplies, and a decade of underinvestment amid low market prices likely will persist well into the next decade.”
|
Or, we can look at uranium ETFs such as: ETF: Global X Uranium ETF (SYM: URA) With an expense ratio of 0.69%, the URA ETF provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. Some of its top holdings include Cameco Corp., NexGen Energy, Paladin Energy, Uranium Energy Corp., and Energy Fuels Inc. to name a few. |
Smallcaps Daily
Discover Why Zacks Small Cap Research Issued a “STRONG BUY” Rating on this Little-Known NASDAQ-traded Green Energy Company!
|
ETF: Sprott Funds Uranium Mining ETF (SYM: URNM) |
Crypto 101
Ride the “Post Halving” Crypto Wave!
Bitcoin and Ethereum are seeing big gains recently…
And with the Bitcoin halving, prices could absolutely explode as we officially enter the Bitcoin halving bull run!
Historical data shows that at about this point before each after halving, crypto gains go begin to go parabolic.
Research team has identified one small crypto that could ride this wave…
Click here now to discover how you could turn a small stake into a fortune over the next month as the crypto market catches fire.
|
ETF: VanEck Uranium and Nuclear Energy ETF (SYM: NLR) With an expense ratio of 0.61%, the ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Uranium & Nuclear Energy Index, which is intended to track the overall performance of companies involved in uranium mining or uranium mining projects. |
Colonial Metals
Will Putin Destroy Your Retirement?
Putin’s on the warpath…
And the petrodollar is in his crosshairs.
The bloodthirsty dictator can’t get enough of destruction.
Now, he’s decided to wage economic war against America.
