is uranium a good investment?

Answer 1

Definitely. It is needed and greener than most fossil fueled energy alternatives.

You are in luck the NYSE is about to start trading on EMU (Energy Metals Corp). Cameco Corp (CCJ) recently inked a partnership with a Russian Uranium producer.

The link below will give some info and a chart on the uranium prices. Good luck.

Answer 2

5-10 years ago, they shut down uranium mines because the price of uranium was so low. Then, the price tripled, and they opened up new mines in the southwest. A few years ago, at the beginning of the boom, it would have been a great investment. It's a little late for that, but it still may be a good investement.

Answer 3

Funny you should ask. I've been pondering the same question. For me as an investor, uranium as a commodity isn't anything I'm too interested in even though it has shot up from $7 to somewhere around $60 in the past few years. As for some of the mining companies though, I'm still trying to determine whether they still have legs to run. I'm sure your aware of the new plants to be built world wide and that even before they are built, there is a uranium shortage globally, but does that mean that the mining companies out there are priced to make any kind of money long term? Your guess is as good as mine!! All the best of luck to you...

Answer 4

It certainly has been in the last few years. Uranium sold for under $10.00 per pound in 2000 and is now $63.00. The number of new reactors planned over the next few years in China alone will need considerable additional supply to operate. One of several decent places to investigate is www.uraniumseek.com. I don't own any uranium stocks but have considered several. The biggest is Cameco (CCJ) which trades on the NYSE. They are having a serious operational problem now at their Cigar Lake mine which may set back the production planned there for quite some time. I do like a stock called Uranium Participation Corp which trades in Toronto and you can also buy on the pink sheet listing in the U.S. Canadian symbol is (U.TO) pink sheet symbol is URPTF.PK. This is a company which holds uranium for future appreciation. It is selling at a premium to NAV, which they list monthly on their website. You can look at their website at www.uraniumparticipation.com. I'm not recommending this because it does sell at a considerable premium, but I do own some because I think we could see uranium at higher prices in the next few years. Good luck!!

Answer 5

YES. Remember how rich the early investors in oil got? This isn't all hype either. India and China, both HUGE energy users, are in the process of building more nuclear energy plants, France is going 100% nuclear, and the U.S. is going to start making more plants too (as soon as they can get the minor issue of radioactive waste disposal taken care of but they have good plans). This means demand will soon be huge. How do you play the uranium? You may chose to invest in the mining giants, like BHP, RTP, and CCJ. You may want to look into the uranium enrichment companies, in particular USU (they take uranium ore and increase the concentration of the fissible U-235 in it). Of course the nuclear power companies themselves are a decent bet, and if you want to play it safe GE, though not a "pure play," is into uranium energy. You won't be able to invest in the metal itself, as it isn't traded on any commodities or futures exchange, like gold and silver are, but if you do your homework you will find some good companies that will benefit directly from uranium, even if its price doesn't go up much. Disclaimer: I am not promoting or recommending any of the above companies as investments.

Answer 6

Uranium is considered to be more plentiful than antimony, beryllium, cadmium, gold, mercury, silver, or tungsten and is about as abundant as arsenic or molybdenum. It is found in many minerals including uraninite (also called pitchblende, most common uranium ore), autunite, uranophane, torbernite, and coffinite. Significant concentrations of uranium occur in some substances such as phosphate rock deposits, and minerals such as lignite, and monazite sands in uranium-rich ores (it is recovered commercially from these sources).

There is no evidence that demand for uranium will exceed supply. In most applications (e.g. nuclear power, radiation), the cost of the raw material Uranium is a small fraction of the total cost (e.g. handling, fission, disposal). All this indicates that the commodity is not a growing investment. If you think that nuclear power production is set to increase, you may think of investing in the iron/steel industry, other heavy machinery and construction industries.

If you are trying to find a commodity that might grow, start researching corn.

Finally, this advice is only worth what you paid for. $0.

Answer 7

Kinda off your question, but LA times did a very interesting article about uranium mining on Indian reservation last week. There is allot of concern on what the mining might have did to the Indians. There were no big companies mention during these article, so I assume they were small little companies that were bought out or stopped mining.
So I would have to say no.

Answer 8

Actually at the moment it is, with the renewed interest in fusion and fission technologies, uranium is in high demand.

Answer 9

I think so, both the commodity and mining operations. Take a look at Denison [DEN]. Surprised at the number of worthless answers...

Answer 10

it depends on how you are planning to invest in it. either way i would say no. if you're planning to invest in a mine, good luck getting people in the nearest towns to agree to it. otherwise, i think i need more information