URA, the Global X Uranium ETF, rose 0.5% following developments in the nuclear sector. Cameco, a major uranium producer and significant holding in uranium ETFs, surged 5% this week after beating earnings on February 13th, with its 49% Westinghouse stake delivering 780 million CAD in EBITDA, up 61% from 2024. Additionally, Kazatomprom, the world's largest uranium producer accounting for about 20% of global production, announced a massive supply agreement with India's Department of Atomic Energy representing over 50% of the company's booked asset value. Kazatomprom produced 67.2 million pounds of uranium concentrates last year and expects a 9% production increase this year. These developments in major uranium producers contributed to the modest gains in the uranium ETF.
Read full analysisURA, the Global X Uranium ETF, rose 0.5% following developments in the nuclear sector. Cameco, a major uranium producer and significant holding in uranium ETFs, surged 5% this week after beating earnings on February 13th, with its 49% Westinghouse stake delivering 780 million CAD in EBITDA, up 61% from 2024. Additionally, Kazatomprom, the world's largest uranium producer accounting for about 20% of global production, announced a massive supply agreement with India's Department of Atomic Energy representing over 50% of the company's booked asset value. Kazatomprom produced 67.2 million pounds of uranium concentrates last year and expects a 9% production increase this year. These developments in major uranium producers contributed to the modest gains in the uranium ETF.
Global X Uranium ETF (URA) tracks a basket of companies involved in uranium mining, refining, and nuclear energy equipment. The fund has attracted significant attention as the nuclear power thesis gains traction from AI-driven electricity demand and government policy support, with spot uranium prices briefly surpassing $100/lb in January 2026. URA has been extraordinarily volatile in recent weeks, with the latest rally leg driven by Energy Secretary Wright's February 17 announcement to restart domestic uranium enrichment — though the Kazatomprom-India supply deal reported February 20 adds a new structural tightening dynamic to the uranium market.