After a decade-long slump in uranium prices following the nuclear accident in Fukushima, Japan, in 2011, uranium prices are on the rise.
The recovery in uranium results from climate change and the transition to greener energy sources. The concern with greener energy sources, such as wind and solar, is that they can not provide power when the wind doesn’t blow and the sun does not shine.
Electricity generators are turning to nuclear power to provide the reliable baseload power previously provided by coal.
Nuclear energy promises a secure, stable energy source with significant reserves in friendly mining jurisdictions such as Canada and Australia.
To gain exposure to uranium, we are today recommending opening a position in Betashares Global Uranium ETF (URNM).
TRADE ACTION
Quantity: 1,000 shares
Entry: Buy up to $6.55
Stop loss : $5.50
