We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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 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)
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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
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
More guides on Finder
Today’s ASX top stocks: Deep Yellow (DYL ↑23.1%), Paladin Energy (PDN ↑23.0%)
The 10 biggest movers on the ASX for Wednesday 13 October 2021.
Today’s ASX top stocks: KGL Resources (KGL ↑11.7%), Adore Beauty Group (ABY ↑8.0%)
The 10 biggest movers on the ASX for Monday 11 October 2021.
Today’s ASX top stocks: Pacific Current Group (PAC ↑8.5%), Beacon Lighting Group (BLX ↑6.8%)
The 10 biggest movers on the ASX for Friday 8 October 2021.
Today’s ASX top stocks: Boart Longyear (BLY ↑10.2%), Calix (CXL ↑9.6%)
The 10 biggest movers on the ASX for Thursday 7 October 2021.
I chose sustainable investments, and now I’m reaping big profits
Sustainable or socially responsible investing means considering environmental and social governance (ESG) factors, and it can lead to huge profits.
Today’s ASX top stocks: Stanmore Coal (SMR ↑9.5%), Redbubble (RBL ↑8.4%)
The 10 biggest movers on the ASX for Tuesday 5 October 2021.
Today’s ASX top stocks: Orica (ORI ↑14.1%), Freelancer (FLN ↑7.1%)
The 10 biggest movers on the ASX for Thursday 30 September 2021.
Why is BHP’s share price continuing to fall?
Shares in the mining giant continue to fall, so what should investors do?
The best iron ore stocks on the ASX (2021)
We look at some of the biggest and best performing iron ore stocks in Australia.
A beginner’s guide to Bitcoin and cryptocurrency ETFs
If you’re looking for ways to gain exposure to Bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
Ask an Expert