How to invest in uranium as nuclear power returns

Nuclear power is back on the agenda after a decade in the doldrums. Fuel prices will be volatile, but the long-term path should be up

Haystacks and power station cooling towers
Nuclear could be the green alternative
(Image credit: © Alamy)

Nuclear power is back in the headlines. Unrest in Kazakhstan, which provides over 40% of the world’s uranium (the fuel most widely used to power nuclear plants), sent spot prices for the metal up nearly 10% to $46 per pound on 5 January. Uranium equities traded up 5%-10% on the possibility of supply disruption.

A potentially more important story got less media coverage. The European Union has said that it intends to allow nuclear-energy projects to be classified as sustainable investments. This could be very positive for demand and long-term prices – although investing in uranium is likely to be a roller-coaster ride and not for the faint-hearted.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.