Uranium supply crunch intensifies as Sprott Asset Management flags global shortfalls

Sprott Asset Management uranium supply shortage concerns Global precious metals and critical materials investment specialist Sprott Asset Management has highlighted the growing global uranium supply uncertainties facing the nuclear industry.

In its latest uranium report labelled “Uranium Bull Market Takes a Healthy Pause”, Sprott said that, while there have been a number of recent uranium mine restarts, current supply is significantly below the world’s uranium reactor requirements.

It also noted that secondary supplies that have filled in supply gaps in the past are no longer available for sale.

A report written by Jacob White, an exchange traded fund product manager at Sprott, suggested the correction in February uranium markets experienced following a rapid run-up was merely a healthy pause in the ongoing uranium bull market.The report also highlighted the recent news that leading international uranium suppliers Kazatomprom and Cameco have revealed they are having issues meeting their previous production guidances. Re-energising the […]

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