Uranium prices are still 'nowhere near the peak of the last cycle’: Here’s why nuclear energy ETFs could power your portfolio

Hello! This is MarketWatch reporter Isabel Wang bringing you this week’s ETF Wrap. In this week’s edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

As a result, Japan had to shut down all its nuclear reactors despite huge inventories of uranium fuel. “You have this global shift with the support of the government that’s behind nuclear power — they’ve not been behind it in decades, but they are today, almost entirely,” he said. Uranium prices still too low Uranium prices, at current levels of around $66.25 a pound, are still in “no man’s land,” Kozak said. Market consensus is that miners are looking for an incentive price of $75 a pound to invest in new capacity.

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