Uranium ETFs Face Support Test Amid U.S. Supply Gap

uranium ETFs U.S. supply gap URIA URA domestic uranium production

The WisdomTree Uranium & Nuclear Energy ETF (URIA) and the Global X Uranium ETF (URA) have approached a critical €52 resistance level that also acts as support, according to analysts. A break below could signal a bearish reversal, while holding above may allow the funds to push toward recent highs.

U.S. nuclear generators relied on imports for 99% of their uranium concentrate in 2023, highlighting a severe domestic supply shortfall. Domestic production peaked at about 677,000 pounds in 2024, far below the 43 million pounds produced in 1980. The only operating conventional uranium mill in the United States, Energy Fuels’ White Mesa plant in Utah, has excess capacity.

Investors are watching projects such as Manhattan Uranium’s 25 U.S. sites in Utah, Colorado and Nevada, with upcoming drilling programs at Murmac (Athabasca Basin), Apex (Nevada) and the I‑70 project (Utah). The supply narrative is driving technical activity in uranium‑related ETFs.

Sources

Uranium ETFs Test Support as U. S. Supply Gap Returns to Focus [bitcoinethereumnews.com]

3 months ago

Uranium ETFs Test Support as U. S. Supply Gap Returns to Focus - Brave New Coin [bravenewcoin.com]

3 months ago