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- Hedge funds are laying bets on uranium, a critical element in nuclear energy, Bloomberg reported.
- The price of uranium has swung up by 125% since the end of 2020.
- While debates on the use of nuclear energy continue, experts see it as key to a future without fossil fuels.
Hedge funds are betting on the growing need for atomic energy.
As a warming planet drives the shift away from fossil fuels, nuclear power has been gathering momentum as an alternative source of energy. For investors, it means there's a lot of money to make in uranium, the primary fuel for nuclear reactors.
According to Bloomberg, hedge funds including Terra Capital, Segra Capital, and Argonaut Capital Partners are among those betting on shares of companies involved in the production of uranium.