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Paragon Report announced an analysis concluding the uranium industry is on the rise as the Global X Uranium ETF (URA) is up nearly 12 percent year-to-date.

Paragon Report announced an analysis concluding the uranium industry is on the rise as the Global X Uranium ETF (URA) is up nearly 12 percent year-to-date.

As quoted in the press release:

The Paragon Report examines investing opportunities in the Uranium Industry and provides equity research on USEC Inc. (NYSE: USU) and Uranium Energy Corp. (NYSE: UEC).

Approximately 650 million people in China and India currently are living without electricity. With the high costs of fossil fuel the most viable options for these countries would be nuclear power. Indonesia, Egypt, and Chile are among some of the nations that have plans to build their first nuclear power station, the list of countries operating atomic plants currently stands at 30. According to numbers released by the World Nuclear Association there are 61 reactors that are presently under construction, and plans to build another 162.

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