The energy market is on the move, and nuclear power, long shunned, is making a comeback.
Should I be keeping an eye on uranium stocks? And maybe even: Is now the time to get in?
Uranium and nuclear-themed ETFs surged on news of Trump's policy backing for the nuclear industry. The top performer was Global X Uranium ETF (URA), up 10%, while other ETFs like North Shore Global Uranium Mining ETF (URNM) and VanEck Uranium+Nuclear Energy ETF (NLR) also saw strong gains. This rally is driven by the potential for increased demand for nuclear power as an alternative to solar and wind energy. ETFs provide diversified exposure and lessen single-stock risk.
Uranium stocks surge Friday morning as investors digested reports that President Donald Trump will sign a series of executive orders aimed at revitalizing the nuclear energy sector.
The report said that executive orders would direct the agencies to identify federal lands and facilities for nuclear deployment and streamline the processes of building them.
One of the biggest impacts that the threat of tariffs is creating is within the gold and silver market. As U.S. suppliers scramble for supply, we're seeing London vaults empty and prices surging.
The non-ferrous mining industry looks bleak as weak demand in China has weighed on metal prices. However, the demand for non-ferrous metals is expected to be supported by the energy-transition trend. Thus, it may be wise to consider these stocks.
