Investors are betting that global support for a transition to cleaner energy will benefit nuclear power and its fuel uranium.
A Solactive index tracking shares in uranium miners has rallied 35 per cent in 2021 on a total return basis, reaching its highest level in more than six years.
The move is being driven by hopes that nuclear energy will play a role in helping countries shift away from fossil fuels as they target net zero emissions by mid-century. Nuclear energy provides a low-carbon source of power that is not intermittent, unlike wind and solar.
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