A look at Uranium Futures

Uranium Futures are ideal for those who are considering investing in uranium. They allow the trader to buy or sell the metal without putting up the full value of the contract.

Uranium has both military uses and civilian uses. The main military use is for high-density penetrators. The main civilian use is to fuel nuclear power plants.

Uranium chart

As you can see from the chart above, Uranium prices were fairly constant until 2004 where there was a big spike.

Uranium Contracts are traded on the New York Mercantile Exchange (NYMEX). A standard contract represents 250 pounds of U308.

Initial margin requirement is around $4,050 and around $3,000 for maintenance.

Uranium investing is appealing to many. Futures contracts may be ideal as unlike stocks, your investment will only move directly with the price of the metal.

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