Joe Raedle/Getty Images News Investor disillusionment is widespread in the uranium market. In the past couple of years, speculative capital flooded the sector, enticed by the allure of quick profits and reminiscent of the previous uranium bull market. During that time, uranium prices skyrocketed by over 1000% within three years, reaching an all-time high of approximately $140 per pound in 2007. However, the anticipated parabolic surge in uranium prices has yet to materialize, leading some investors to exit the space. This departure has added to the frustration, given the highly favorable market fundamentals. It therefore remains puzzling why uranium has not experienced a more significant upward movement.
The prevailing negative sentiment is evident in the decline of uranium miners over the past year, trailing behind the performance of the commodity itself. For instance, the Sprott Junior Uranium Miners ETF ( URNJ ) has underperformed the Sprott Physical Uranium Trust ( […]
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