Uranium price has a lot more runway left and needs to double for supply to meet demand - Sprott's Ciampaglia

Uranium price has a lot more runway left and needs to double for supply to meet demand – Sprott’s Ciampaglia

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – A global energy crisis that threatens to get worse and ongoing climate change issues mean there is plenty of upside potential for nuclear energy, according to the world’s biggest uranium investment firm.

In a telephone interview with Kitco News, John Ciampaglia, CEO of Sprott Asset Management, noted that in less than a year, the Sprott Physical Uranium Trust, which gives investors direct access to physical metal, has seen significant growth. The fund started with initial holdings of 18.1 million pounds of uranium, valued at $630 million, and now holds 55.5 million pounds, valued at $3 billion dollars. At the same time, the price of uranium has jumped from $28 a pound to around $53 a […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • 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!


No comments yet