Uranium’s next upward move could be ‘particularly strong and chaotic’, experts say

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The Sprott Physical Uranium Trust (SPUT) could be used to push yellowcake prices sharply higher

Spot and contract pricing is already edging higher toward incentive pricing of US$60-90/lb

Bank of America says there are FIVE ways investors can take advantage of this emerging bull market As quickly mobilised spot volumes become scarce, speculators could use the Sprott Physical Uranium Trust (SPUT) to push yellowcake prices sharply higher, say Leigh Goehring and Adam Rozencwajg.SPUT was established in 2021 to buy up physical uranium on the spot market and take it out of market circulation.This uranium will not be on-sold for a quick profit.Instead, pounds bought from the market by this vehicle will be sequestered for the long term and, crucially, each pound bought by SPUT will be one less pound available for end-users during the next cycle.It currently has over 61.7 million pounds […]

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