Around 500,000 new shares have been recently added to the Global X Uranium (NYSEArca: URA) fund, reports Herbert Lash for Reuters. Bruno del Ama, chief executive of Global X Management Co, manager and adviser to the Global X ETF funds, commented that “there has to be a lot of people selling, but a lot of new people and new investors coming in.”
Consultants Eurasia Group said that China and India will probably not abandon their near-term nuclear projects, which should help support uranium prices.
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Max Chen contributed to this article.