How to profit as uranium prices head for a melt-up

The supply squeeze in the uranium market implies ample scope for price rises. Here's how to invest in uranium.

Uranium mine dumptruck
Uranium mines can’t keep up with global demand
(Image credit: © DAVID BOILY/AFP via Getty Images)

When was the last time you heard about nuclear power and the demand for uranium? People used to debate the matter passionately, but it hasn’t been a hot topic in the developed world for some time now. The Germans have gone off nuclear power and the UK has so far proved poor at building new reactors.

The real story, however, is outside Europe and America. China, India, Russia, Belarus, Korea, Slovakia and the United Arab Emirates are collectively adding over eight gigawatts (GW) of new capacity in 2021. (A GW is equal to one billion watts, while an incandescent lightbulb consumes around 60 to 100 watts.)

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David C. Stevenson
Contributor

David Stevenson has been writing the Financial Times Adventurous Investor column for nearly 15 years and is also a regular columnist for Citywire. He writes his own widely read Adventurous Investor SubStack newsletter at davidstevenson.substack.com

David has also had a successful career as a media entrepreneur setting up the big European fintech news and event outfit www.altfi.com as well as www.etfstream.com in the asset management space. 

Before that, he was a founding partner in the Rocket Science Group, a successful corporate comms business. 

David has also written a number of books on investing, funds, ETFs, and stock picking and is currently a non-executive director on a number of stockmarket-listed funds including Gresham House Energy Storage and the Aurora Investment Trust. 

In what remains of his spare time he is a presiding justice on the Southampton magistrates bench.