Uranium ETFs: Global X Uranium ETF Only Option

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.

Click here to read the full Business Insider report.