Uranium still has plenty of upside potential after prices hit $80 – Sprott’s John Ciampaglia

Get all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day’s top stories directly to your inbox. Sign up here! ( Kitco News ) – Uranium prices have gone nuclear, with some exchanges showing spot prices at $80 per pound. Prices are also up more than 68% so far this year and according to one investment firm, there is still plenty of potential in the marketplace as nations look to build more nuclear reactors.

This week, the Sprott Physical Uranium Trust (TSX: U.UN , U.U) hit a significant milestone, with assets under management (AUM) rising above $5 billion. John Ciampaglia, Chief Executive Officer of Sprott Asset Management, said in an interview with Kitco News that while the firm has been bullish on uranium, the growth of the trust has surpassed expectations.

The Trust was first launched in the summer […]

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