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Uranium sector sensitivity to financial and geopolitical risks

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  • Todorova, Neda

Abstract

This study examines the sensitivity of the global uranium sector to equity markets, financial indicators, and geopolitical risks since 2010, with a particular focus on the Russia–Ukraine war which has significantly disrupted uranium supply chains, pricing, and geopolitical alliances, amplifying the sector’s exposure to macroeconomic and geopolitical forces. The findings highlight the strong influence of global equity and oil markets, intensified in the last three years, while economic policy uncertainty remains relevant at high return quantiles. The impact of geopolitical risks is identified as a significant driver since 2022, at both the right and left tail of the uranium sector return distribution.

Suggested Citation

  • Todorova, Neda, 2025. "Uranium sector sensitivity to financial and geopolitical risks," Economics Letters, Elsevier, vol. 255(C).
    • Handle: RePEc:eee:ecolet:v:255:y:2025:i:c:s016517652500312x
    DOI: 10.1016/j.econlet.2025.112475
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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