Investing in uranium

Uranium is back in focus as global demand for nuclear energy grows. Discover what’s driving the uranium market and how you can gain exposure to the future of low-carbon energy.

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What is uranium?

Uranium is a naturally occurring metal primarily used as fuel for nuclear power generation. Known for its high energy density, uranium plays an important role in the production of low-carbon electricity.

In nuclear power plants, uranium is used in a process called nuclear fission, where atoms are split to release large amounts of energy that can be converted into electricity.

As countries look to strengthen energy security and reduce carbon emissions, uranium has become increasingly relevant in discussions around the global energy transition.

Uranium demand is influenced by:

Nuclear energy policies
Reactor construction and restarts
Supply constraints from mining and enrichment capacity
Geopolitical developments affecting energy independence

Reasons to invest in uranium stocks

Investing in uranium stocks offers exposure to companies linked to the nuclear energy sector and the uranium supply chain.

The main driver is the role of nuclear energy in the low-carbon transition. Nuclear power is used to generate electricity with minimal direct CO₂ emissions during operation, supporting its inclusion in many countries’ energy strategies.

Uranium stocks
Company	ISIN
URANIUM ENERGY CORP.	US9168961038
ENERGY FUELS INC.	CA2926717083
CAMECO CORP.	CA13321L1085
CENTRUS ENERGY CORP.	US15643U1043
BERKELEY ENERGIA LTD.	AU000000BKY0

Energy security is another key factor. Several governments are revisiting or expanding nuclear programs to reduce reliance on imported fossil fuels, which may support long-term uranium demand. Uranium producers can also provide indirect exposure to uranium prices. Higher uranium prices may improve producer margins, depending on production costs and contract structures. The sector includes companies active in exploration, mining and fuel services, offering different points of exposure to the nuclear fuel cycle.

Risks of investing in uranium stocks

Uranium stocks are exposed to several risks that should be considered.

Uranium prices are cyclical and can be affected by policy decisions, reactor shutdowns or delays in nuclear projects. Demand is therefore closely linked to long-term planning cycles rather than short-term consumption.
Mining operations involve execution risks, including production disruptions, cost inflation, permitting delays and regulatory constraints.
Supply is geographically concentrated, which can increase exposure to geopolitical and regulatory developments affecting key producing regions.
Like all equities, uranium stocks are also subject to market risk, including macroeconomic conditions, interest rates and overall investor sentiment.

Investing in Uranium ETCs & ETFs

In addition to individual stocks, you can gain exposure to uranium through exchange-traded products.

Uranium ETFs are designed to track the performance of uranium-related assets through baskets of uranium mining and nuclear-related companies. ETCs, on the other hand, are designed to track the price of the underlying uranium commodity. These products can provide broader diversification compared to single stocks and may help reduce company-specific risk.

Here’s an ETC available on our platform with exposure to uranium:

Uranium ETC
HANetf Sprott Physical Uranium ETC	XS2937253818

You can also gain exposure to uranium through Uranium ETFs.

Here are the most popular among our investors:

Uranium ETFs
VanEck Uranium and Nuclear Technologies UCITS ETF (Acc)	IE000M7V94E1
Global X Uranium UCITS ETF (Acc)	IE000NDWFGA5
Sprott Uranium Miners UCITS ETF (Acc)	IE0005YK6564
Sprott Junior Uranium Miners UCITS ETF (Acc)	IE00075IVKF9
WisdomTree Uranium and Nuclear Energy UCITS ETF (Acc)	IE0003BJ2JS4

Risks of investing in Uranium ETCs

ETCs that invest in uranium may have a different risk profile than direct exposure via stocks.

Depending on their structure, uranium ETCs may provide exposure through physical uranium holdings or other investment techniques. As a result, performance may differ from the spot price of uranium over time depending on the product's structure and associated costs.

Leveraged and inverse ETCs increase both gains and losses and are typically intended for short-term trading rather than long-term investment strategies.

Depending on the product structure, ETCs may also involve counterparty risk, meaning investors are exposed to the creditworthiness of the issuing entity.

Commodity markets can be highly volatile, and uranium is no exception. This can result in significant and rapid price fluctuations.

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Invest in uranium
through DEGIRO

At DEGIRO, you can access uranium-related stocks listed on major international exchanges, including companies active in uranium mining, exploration and nuclear fuel services.

Through our platform, you can invest in global markets with competitive pricing and transparent fees. For more information, see our Fees page.