Investing in the renaissance in uranium
2023 was a big year for uranium, confirming that we are indeed seeing a nuclear renaissance. There has been a commitment to nuclear energy coming from environmental concerns, with COP28 seeing nuclear energy taking centre stage with 22 countries pledging to triple their nuclear energy capacity by 2050. Big producers are also signalling lower production. One of the world’s largest producers, Kazatomprom, reduced its production guidance by 14% and said it is unlikely to reach its 2025 targets. IGTV caught up with Tom Bailey from HanETF to discuss two ETFs of note.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KT6Mm0acluwAtu5oAuQwi%2BKL890dyDaSo33wBswQEls%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=FVRtONvjiM0Vz5Xxk3niXYqOOJvONz6wDrRJhBJ8Vac%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=X4fRGT4lyb48Anw1aEbSrH%2BpSk5AbXTHb3TUX626c4A%3D&reserved=0) *Your capital is at risk. 69% of retail CFD accounts lose money*