Why Uranium? Why URA?

Global X ETFs3.63K FollowersFollow5ShareSavePlay(10min)SummaryGlobal uranium requirements are expected to rise to 86,000 tons by 2030 and 150,000 tons by 2040, all of which will need to be fed by future mined supply.In the U.S., data centers and electrification are expected to account for as much as 80% of power demand growth through 2035.While initial capital costs are high, once built, the operating costs of running a reactor at high capacity are nearly 1/3 the costs of fossil fuel plants. aprott/iStock via Getty Images Why Uranium? Demand: Set to grow with power demand and nuclear reactors. Uranium is the critical element that fuels nuclear reactors. Global reactor fleets consume ~67,000 tons of uranium each year; 1 meanwhile, global uranium requirementsThis article was written byGlobal X ETFs3.63K FollowersFollowFounded in 2008, Global X is a sponsor of exchange-traded funds (ETFs). We are distinguished by our Thematic Growth, Income, and International ETFs. Explore our insights on the trends and themes shaping global markets – from technology to commodities to emerging economies – at globalxfunds.com/research. Global X ETFs is a member of the Mirae Asset Global Investments Group. Important disclosures: globalxfunds.com/privacy