It explores for and mines uranium deposits and manufactures power plant fuel. Kazatomprom (KAP) is the Kazakhstan national uranium company and the largest global producer of uranium. Its shares are traded on the New York Stock Exchange and the Toronto Stock Exchange. The Canadian company is active in exploration, mining and fuel manufacturing and has reserves of more than 464 million pounds of uranium. (CCJ) is one of the biggest producers of uranium. Here are six leading companies in the uranium business:Ĭameco Corp. Stocks of uranium companies can be purchased through an online or traditional brokerage account. The most popular way to invest in uranium is through buying shares of companies involved in the production and processing of uranium. However, demand for uranium is reviving today and is expected to continue, in part, as nations try to meet requirements of international agreements to reduce global warming.Īlthough uranium is a commodity, because it is radioactive it isn’t traded like less dangerous commodities such as gold and oil. Prices for uranium fell sharply after the 2011 accident at Japan’s Fukushima nuclear power facility. Kazakhstan, Canada and Australia are the major producers of uranium, while the United States is the biggest user of it. Uranium is a non-renewable resource that is mined in many countries. It represents an emissions-free alternative to fossil fuels while also being more reliable than renewable energy sources such as wind and solar. Uranium is primarily used as fuel to power the nuclear fission plants that produce about 10% of the world’s electricity. Here’s what you need to know.Ī financial advisor could help you put a financial plan together for your investing needs and goals. There is no commodities market for the radioactive mineral so investors who want to profit from uranium’s rise have to invest in stocks and exchange-traded funds. Growing global interest in nuclear power as a carbon-free source of energy has led to increasing prices for uranium used as nuclear power plant fuel as well as the shares of companies that mine and process uranium.
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