🔴 Uranium ETF (URNM.AX) is trading 3.75% down, as uranium shares retreat after nuclear-power deal rally

URNM.AX is trading at A$9.25 (-3.75%) amid an apparent uranium-sector pullback following a sharp rally tied to nuclear-demand headlines.

• Google and Constellation’s 20-year nuclear power agreement and plans to add reactor capacity supported uranium shares but did not prevent the reversal in URNM.AX’s reported price.
• Elevated Treasury yields, oil prices and geopolitical concerns may have added to selling; they coincide with, but do not establish the cause of, the ETF’s decline.