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Uranium ETFs Rebound
ETF news and views for the week of March 27 to 31, 2023.
By Trackinsight
April 3, 2023
- Uranium
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Uranium ETFs recovered from their recent losses as the nuclear energy industry gained momentum. The development of Small Modular Reactors (SMRs) is driving the rising demand for uranium, with SMRs expected to play a significant role in the future of this industry.
The Global X Uranium UCITS ETF (URNU) and the Sprott Global Uranium Miners UCITS ETF (URNM) gained 6.16% and 7.48% over the week, respectively. Overall, nuclear energy-related ETFs rose 6.91% for the week, as investors turn to uranium as a potential carbon-free source of energy.
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