Monsters of Rock: Uranium could be just taking a breather as Sprott eyes higher prices

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Uranium price retreat an “attractive entry point” for investors says Sprott

Perseus gains support of OreCorp bigwigs in battle for control of Tanzanian goldie

Distressed mineral sands stock Sierra Rutile faces takeover bid from big shareholderUranium has headed to the substitute bench in recent weeks, with enthusiasm for copper, record gold prices and hopes of a lithium price rebound taking over from the glowing metal as the stories of the day.A speculative bull run for uranium peaked at US$107/lb in January.But despite claims from within the industry that a structural shortage of material would make rising spot prices hard to stop, new mine starts and murmurs of production upgrades from Canada’s Cameco have combined to send U3O8 prices back to US$85.50/lb yesterday.Is this the sign yellowcake’s cheerleaders got ahead of themselves, or just a bump in the road for the nuclear renaissance?Sprott’s Jacob White […]

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