Three ways to play the uranium boom

In many parts of the world, nuclear power is seen as the only workable solution to global warming - and that's good news for uranium. We look at the best ways to cash in.

The UK's plans to re-embrace nuclear power have been put on hold for the moment amid legal wrangles over the Government's consultation' on the issue. But in many other parts of the world, nuclear power is seen as the only workable solution to global warming, not to mention the threat of high oil prices.

That's been good news for the uranium price, which, buoyed by the surge in demand, has risen fourfold in three years. And last week's takeover of UrAsia Energy by fellow Canadian miner SXR UraniumOne has put the sector firmly in the spotlight. The merger will create the world's second-largest uranium producer under the name UraniumOne. As the FT puts it, the deal comes "at a time when the uranium market is white hot". The question now is whether uranium is in a bubble, or whether it has further to go.

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.