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URNM - Uranium: COVID-19 Brings Supply Deficit To A Head
Exchange Traded Concepts Trust - North Shore Global Uranium Mining ETF
After a decade long bear market, the time to invest in uranium has finally arrived. The largest uranium miners, Cameco (CCJ) and Kazataprom, began cutting production in 2018, leading to market with a supply deficit as a new contracting cycle approached. Then COVID-19 happened, causing further cuts in supply and shining a spotlight on the need for higher prices to encourage more supply. Finally, in late 2019 the North Shore Global Uranium Mining ETF (URNM) created a simple and high quality way for investors to get broad exposure to the companies