Sprott’s encouraging 2024 predictions for uranium, copper, gold and silver

Spott’s analysts are gazing into the immediate future. And they see a few stars. Picture: Getty Images Worried about your resources portfolio in 2024?

Here’s the good news from Sprott’s market strategist Paul Wong and ETF product manager Jacob White, who are predicting a better year for copper and exceptional times for uranium, gold and silver.

In a mid-January note, Wong and White said the new renewable energy/EV-led commodity supercycle would continue to boost metal consumption again in 2024.

Like 2023, increased supply could lead to modest surpluses but geopolitical factors – such as mining disruptions and resource nationalism – could undermine these surpluses quickly. For the latest resources news, sign up here for free Stockhead daily newsletters Political tensions in general will play a huge role in metals markets this year, according to Wong and White.“Geopolitical tensions appear set to rise, especially with a slew of critical elections in 2024 (over […]

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