Sprott ETF Product Management Director Steven Schoffstall Explains Why Uranium Prices Are Soaring This Year And How Investors Can Trade The Rally

As nuclear energy surges back into the limelight , promising a smoother transition away from fossil fuels, long-stagnant uranium markets have been booming. The once-obscure commodity is increasingly gaining the attention of investors looking for a new way to trade the clean energy transition. To learn more about uranium and what investors new to the space need to know, Benzinga sat down with the Director of ETF Product Management at Sprott Asset Management , Steven Schoffstall.

Uranium prices have soared this year, outperforming other metals. Can you talk about why this is happening now and where you see uranium prices headed going forward?

There are a couple of things that are at play here. Year-to-date through the last couple of days or so, [physical uranium] is up about 55%. Uranium tends to be much less sensitive to shorter-term economic noise. So when we see slow-down discussions about what’s going […]

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