RE:Many long term supply contracts are due to be renegotiated.
the more money that goes into the ETF , goes into the main holdings of that ETF.....like nexgen/cameco....money has to be invested, and put to work...... "The Global X Uranium ETF tries to reflect the performance of the Solactive Global Uranium Total Return Index, which is comprised of global uranium miners, including a 21.5% tilt toward Cameco and 11.8% in NexGen Energy. Country weights include Canada 56.5%, Australia 16.0%, Hong Kong 8.0%, U.S. 7.9%, France 6.6% and China 4.9%."