Uranium stocks in Australia

It’s a low-carbon alternative to fossil fuel but attitudes towards nuclear energy have soured in recent years.

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Australia is the third biggest uranium producer and holds around one-third of the world's uranium resources. As a result, it's no surprise that there are several ASX-listed mining stocks with uranium exposure. Some have been actively mining for many years, such as Energy Resources of Australia (ASX: ERA) while others are exploring new uranium deposits alongside other resources such as gold or silver.

This commodity is best known for its use in nuclear energy production but has a destructive history. In recent years, uranium prices have fallen amid oversupply issues as Kazakhstan has ramped up production and the Fukushima disaster led to plunging sentiment toward nuclear energy use.

Uranium stocks

Uranium stocks are listed companies involved in the mining, refining and distribution of global uranium.

ASX uranium stocks

International uranium stocks

  • Areva SA (ARVCY)
  • Aura Energy (AUEEF)
  • Cameco Corp (CCJ)
  • Berkeley Energia (BKLRF)
  • Fission Uranium (FCUUF)
  • Paladin Energy (PALAF)
  • Ur-Energy Inc. (URG)

Uranium ETFs

To date, there are no ASX-listed uranium ETFs and there are only a few pure-play ETFs dedicated to tracking uranium on overseas exchanges. These include:

  • Global X Uranium ETF (NYSE:URA)
  • Horizons Global Uranium Index (TSE:HURA)
  • North Shore Global Uranium Mining ETF (NYSE)
  • VanEck Vectors Uranium + Nuclear Energy ETF (ARCA:NLR)

Buy Uranium stocks online

To invest in uranium stocks in Australia, you need a brokerage account. Review your options in table below.

Name Product Standard brokerage fee Inactivity fee Markets International
eToro (global stocks)
US$0
US$10 per month if there’s been no login for 12 months
Global shares, US shares, ETFs
Yes
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
$8
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
Yes
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
$5
No
ASX shares, US shares
Yes
Australia’s lowest-cost broker for ASX shares and ETFs.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
ThinkMarkets Share Trading
$8
No
ASX shares
No
Limited-time offer: Get 10 free ASX trades ($0 brokerage) when you open a share trading account with ThinkMarkets before 31 December 2021(T&Cs apply). $8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Bell Direct Share Trading
Finder AwardExclusive
Bell Direct Share Trading
$15
No
ASX shares, mFunds, ETFs
No
Finder Exclusive: Get 5 free stock trades and unlimited ETF trades until 31 Dec 2021, when you join Bell Direct. T&Cs apply.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
SelfWealth (Basic account)
$9.5
No
ASX shares, US shares
Yes
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
Saxo Capital Markets (Classic account)
$5
No
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Yes
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
CMC Markets Invest
$11
No
ASX shares, Global shares, mFunds, ETFs
Yes
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
HSBC Online Share Trading
$19.95
No
ASX shares, mFunds, ETFs, Bonds
No
Limited time offer: Get up to $100 in brokerage rebates on your first 5 trades when you sign up to a HSBC Online Share Trading account (T&Cs apply). Make trades online with brokerage fees starting from just $19.95 with an HSBC Online Share Trading account. Plus gain access to complimentary expert research, trading ideas and tools.
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Compare up to 4 providers

Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Why invest in uranium stocks?

As oil production and consumption continue to trend downward, the world has begun to look to alternative energy sources — and nuclear energy is a big contender.

The World Nuclear Association reports that 30 countries worldwide are working to build nuclear power programs, including China, India, Israel, Norway, Saudi Arabia and Uganda, to name a few.

Uranium fuels nuclear energy. And nuclear energy presents a low-carbon alternative to fossil fuel. The International Energy Agency states that the world must double its nuclear power capacity by 2050 to meet climate change emission-cutting targets.

Uranium is poised to play a big role in the future of global energy production. Investors in Australia who buy now could have a viable buy-and-hold investment on their hands as nuclear energy ramps up around the world.

Risks of investing in uranium stocks

Some global attitudes towards uranium have begun to pivot, but not everyone is ready to put uranium’s destructive past behind them.

The devastation of uranium-packed nuclear bombs on Hiroshima and Nagasaki coupled with the terrifying fallout of Chernobyl stand as proof of uranium’s dangers. And after the Fukushima power plant meltdown in 2011, Japan shuttered the doors on most of its nationwide nuclear plants. A country that planned to increase its nuclear power generation to 40% by 2017 now draws less than 2% of its energy from nuclear power.

And Japan isn’t alone. Germany dropped its nuclear energy consumption from 25% in 2011 to 12% in 2019. Other countries have discontinued or banned nuclear energy entirely, like Australia, Italy and Lithuania.

The future of uranium is uncertain. As demand for this type of energy increases in some countries, others are actively reducing or eliminating their consumption.

Uranium is a divisive material and investment. Australian investors interested in this commodity should familiarize themselves with the potential dangers before buying in.

Bottom line

Whether this commodity belongs in your portfolio depends on how you see the nuclear sector growing in the coming years. Review your brokerage account options across multiple platforms to find the account that best meets your needs.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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