The uranium market has been enjoying a stealth bull market due to the Coronavirus outbreak. Temporary mine closures to slow the spread of the virus at production facilities have triggered an unexpected supply squeeze, sending the price of uranium up nearly 30% since the beginning of March. According to one analyst, half of global production has been cut. With the supply/demand balance moving in favor of miners, the outlook for uranium stocks is the brightest it has been in years.
Related ETFs: Global X Uranium ETF (URA), North Shore Global Uranium Mining ETF (URNM)
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