Uranium is hot
The launch of a new uranium fund is good news for those interested in investing in the uranium sector, where, up to now, opportunities have been scant. Our article here covers the possibilities on offer for uranium bulls!
News that industry giant Kazatomprom is participating in a physical uranium fund, highlights the growing interest in uranium, with spot prices of uranium oxide, or U3O8, up more than 50% in 2021, but still sitting well below their peak in 2007. There are relatively few possibilities for investors wanting to participate in this currently hot sector, so the new fund is a welcome addition. London listed NAK Kazatomprom (LON:KAP) is the national operator of the Republic of Kazakhstan for the import and export of uranium, rare metals and nuclear fuel for nuclear power plants. With priority rights to Kazakhstan’s extensive…