Uranium stocks offer Singapore traders access to one of the most intriguing commodities markets in 2025. This guide explores the leading uranium companies worldwide, explains the key market dynamics and shows you exactly how to start trading these stocks through IG Singapore.
Written by
Financial writer
Reviewed by
Financial UX Writer
Uranium stocks represent companies involved in finding, mining and processing uranium – the fuel that powers nuclear reactors worldwide. With nuclear energy providing about 10% of global electricity1, these stocks offer exposure to a critical energy sector.
These companies typically fall into four categories:
While no uranium companies are listed on the Singapore Exchange, IG Singapore clients can easily trade major global uranium stocks from Canada, Australia and the US.
The uranium market is experiencing a fundamental shift:
This imbalance creates potential trading opportunities for Singapore investors across the uranium supply chain.
Uranium has experienced four major market cycles:
When considering uranium stocks, it's important to separate facts from fiction.
Myth: Uranium stocks are just like other commodities
Reality: Unlike oil or gold, uranium has unique market characteristics. Most uranium is sold through long-term contracts, not the spot market, creating distinct price discovery mechanisms not seen in other commodity markets6.
Myth: Nuclear accidents always devastate uranium stocks
Reality: While accidents like Fukushima did cause market downturns, the industry has shown resilience. Despite initial setbacks after 2011, global nuclear capacity continues to grow.
Myth: Renewable energy will replace nuclear power
Reality: Most energy scenarios from institutions like the International Energy Agency include roles for both renewables and nuclear power, with their complementary characteristics supporting future energy grids7.
Cameco Corporation offers the stability of an established producer with significant upside potential. It is actively restarting previously shuttered mines to meet growing demand, with substantial production growth expected through 2027.
Its long-term contracts with nuclear utilities provide revenue predictability, making it an ideal cornerstone uranium investment for Singapore traders seeking a balance of stability and growth.
For Cameco's stock price, these factors typically have the biggest impact:
Paladin Energy offers Singapore traders an ASX-listed option with strong upside potential. It has successfully restarted its Langer Heinrich mine just as uranium prices are rising.
With a lean cost structure and strengthened balance sheet, Paladin is well-positioned to capture the benefits of the uranium price recovery while providing exposure to both Australian and African uranium resources.
For Paladin's stock price, these factors typically have the biggest impact:
NexGen Energy controls what many industry experts consider the most impressive undeveloped uranium resource in the world. The Arrow Deposit features exceptionally high grades that should translate to bottom-quartile production costs.
With production expected to begin in 2026 and a mine life exceeding 20 years, NexGen offers exposure to the long-term uranium story with potentially significant returns as the project moves toward production.
For NexGen's stock price, these factors typically have the biggest impact:
Boss Energy represents a promising near-term production story. The Honeymoon project is fully permitted and funded, with production expected to commence shortly10.
Its ISR mining method offers lower capital costs and reduced environmental impact compared to conventional mining, potentially leading to stronger profit margins even if uranium prices fluctuate.
For Boss Energy's stock price, these factors typically have the biggest impact:
Energy Fuels offers unique exposure to US energy security policy. As America seeks to reduce dependence on foreign uranium sources through initiatives like the Uranium Reserve Program11, it is positioned to benefit from growing government support.
What makes Energy Fuels particularly interesting is its diversification beyond uranium. Its rare earth elements processing creates additional revenue streams in critical materials essential for electronics, electric vehicles and renewable energy technologies.
For Energy Fuels' stock price, these factors typically have the biggest impact:
Trading uranium stocks with IG Singapore is simple:
Ready to start? Open an account here.
1 https://www.iea.org/reports/world-energy-outlook-2023
2 World Nuclear Association, Nuclear Fuel Report, 2024
3 International Atomic Energy Agency (IAEA), Reactor Status Report, 2025
4 TradeTech Uranium Price History, 2000-2010
5 Sprott Asset Management, Uranium Market Report, 2024
6 UxC Consulting, Uranium Market Outlook, Q1 2025
7 International Energy Agency, Net Zero by 2050 Report
8 Cameco Corporation Annual Report 2024
9 Cameco and Brookfield Acquisition of Westinghouse, 2023
10 Boss Energy Project Update, February 2025
11 US Department of Energy, Nuclear Fuel Security Program, 2024
Ready to open an IG account?
Start your trading journey now
New clients
+65 6390 5133
accountopening@ig.com.sg
Existing clients
+65 6390 5118
helpdesk@ig.com.sg
Lines open 24 hours
Monday - Friday
Start a Whatsapp chat
Disclaimers: