5 Biggest ASX Precious Metal ETFs

Precious metals have long been considered a way for investors to diversify their portfolios.

For investment purposes, they have low or negative correlations with the stock and bond markets, reducing risk and offering protection against volatility. On the inflation side, these metals have intrinsic value that is not tied to economic growth, are tangible assets that don’t carry a credit risk and are in limited supply.

But investing in precious metals as bullion is a cumbersome process — not everyone has a place to store physical metal, and paying for storage can eat into profit value. Holding actual metal may also not provide enough liquidity.

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Precious metal ETFs haven’t had the best year, but it’s still worth knowing about the biggest players in the ASX market.

Energy Investing

Uranium Mines in Australia

Despite sitting on the largest known recoverable resources of uranium worldwide — 1.69 million metric tonnes in 2019 — Australia uses no part of it for energy. Instead, Australia exports the valuable resource, which accounts for one-quarter of its energy exports.

In fact, Australia was the second largest producer of uranium in 2020, producing 6,203 metric tonnes. It was only beaten by Kazakhstan, which produced nearly 20,000 metric tonnes that year.

Australian uranium production has centred around three mines in recent years — Olympic Dam, Beverly Four Mile and Ranger — until the Ranger mine ceased operations in 2021.
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Australia is the second largest producer of uranium in the world. Here's a look at the mines that are producing today, and the significant ones that are being developed.

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