As the Russian invasion on Ukraine continues uranium is becoming more sought after, boosting prices. One of Russia’s close allies Kazakhstan is the leading provider for uranium mining 45% of the total and this leads to difficulties in the supply chain. With that said the two largest ETFs in uranium are the Global X Uranium ETF (URA) and the Sprott Uranium Miners ETF (URNM).
ETF Newz Says:
As uranium becomes increasingly important for nuclear energy prices will rise and holding ETFs could follow.