Global X Uranium ETF: URA is a good buy if it crosses this price

Global X Uranium ETF: URA is a good buy if it crosses this price

2023-07-04 04:55:00 ET Uranium prices are doing well in 2023 as other commodities recoil. The closely watched Global X Uranium ETF (URA) has jumped by over 18% from its lowest level this year. It has underperformed the spot Uranium price, which has jumped by over 18% year-to-date. The bullish case for uranium

Uranium is an important commodity that is widely used to power several countries like the United States, France, Russia, India, and the UK among others. It is the most important commodity in nuclear power energy.

The biggest uranium producing countries are Kazakhstan, Namibia, Canada, Australia, Uzbekistan, and Russia among others. Unlike most energy commodities , demand for uranium is usually stable because nuclear power plants provide baseload plants.Analysts believe that uranium prices will do well this year. Those at Bank of America wrote that […]

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