Monsters of Rock: Uranium price correction masks potential of long-term bull market, believes Sprott

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Yellowcake hits attractive investment point as spot prices dip to around the US$80/lb mark

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Sprott sees long-term uranium price rise as demand to continue for years to come The recent broad-based selling of uranium, political uncertainty in the US and a price correction in the uranium spot price have all contributed to stagnating the market and prompting investors to sit on the sidelines, and these temporary measures mask long-term growth potential, according to global investment manager Sprott. Jacob White, the analyst’s ETC (exchange-traded commodity) product manager, said that despite these recent headwinds, uncertainty around yellowcake is beginning to lift as investors refocus on its strong long-term fundamentals. Price increases and Russia sanctions lead to supply uncertainty “Following the Fed’s recent 50 basis point cut, Sprott believes the market’s attention will turn […]

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