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Business Insider reported Global X Uranium ETF (URA) is currently the only option which delivers exposure to companies who are active in the uranium mining industry.
Business Insider reported Global X Uranium ETF (URA) is currently the only option which delivers exposure to companies who are active in the uranium mining industry.
As quoted in the market news:
Uranium is a metallic element that is perhaps best known for its use in nuclear energy; it is one of the densest naturally-occurring elements in the world, which gives it a unique set of physical properties that make it an important ingredient for nuclear fission, X-rays, ammunition and various other industrial uses. From a production perspective, Australia holds the world’s largest uranium deposits, followed by Kazakhstan, Canada and Russia. The investment thesis behind this commodity is fairly straightforward; uranium makes for a lucrative play as the prominence of nuclear energy continues to grow across developed and emerging markets alike.