Uranium prices can only go up as nations restart nuclear power plants to deal with growing global energy crisis – Sprott's Ciampaglia

Uranium prices can only go up as nations restart nuclear power plants to deal with growing global energy crisis – 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 ) – Uranium prices have nowhere to go but up as rising energy costs force the world to embrace nuclear power, according to one fund manager.

In an interview with Kitco News, John Ciampaglia, chief executive officer at Sprott Asset Management, said that an unprecedented energy crisis will continue to push the demand for nuclear power higher. The bullish outlook comes after Japan recently announced that it would restart seven more nuclear reactors, bringing the total number of plants back into operation to 17.

Japan is just the latest nation to embrace nuclear power once again; Ciampaglia said there is a profound political shift in the energy market as prices continue to skyrocket worldwide. In Germany […]

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