Vancouver, BC –News Direct– MarketJar Source: Getty Images Uranium was the only commodity to increase in value in February, as the price of nearly every other major raw material declined.
As the push to replace fossil fuels with lower-emission energy sources gains momentum, uranium has exited its decade-long downturn and professionals in the industry are excited about the sector’s future.
Japanese, French, South Korean, Indian, British, and American governments, among others, have all announced new nuclear energy projects and increased support for the sector over the last 18 months. New term contracts and spot purchases have also been made by utilities and financial institutions.
Sprott’s physical uranium trust keeps on buying spot pounds. As a result, utilities are less likely to be able to complete their order books by taking advantage of the discount between spot and contract pricing.The CEO of Sprott Inc, Whitney George, talked during an interview with BNN Bloomberg […]
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