🟢 Global Uranium ETF (URNM.AX) is trading 3.3% up today amid uranium supply-tightness concerns

URNM.AX is trading at A$11.38, up 3.27%, as uranium miners and nuclear names advance together after an oversold pullback.

• Uranium prices are approaching US$89.50/lb; Kazatomprom supply delays and stronger utility buying reinforce supply-tightness concerns.
• The fund rose 6.87% to A$10.89 on August 24, while broader markets were largely flat, making uranium-sector positioning the clearest explanation for the August 26 move.