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 […]

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