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

Pic: Getty Images. Don’t miss out on the headlines from Stockhead. Followed categories will be added to My News. Yellowcake hits attractive investment point as spot prices dip to around the US$80/lb mark

Paladin up again today as takeover dispute resumes in Canadian court

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 […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet