The investment bank explained that the Sprott Physical Uranium Trust was currently the largest fund holding actual uranium instead of futures contracts. Earlier in March, the price of uranium hit a new record, its highest figure in more than a decade. This substantial increase is believed to have been prompted by reports that the Biden administration was in talks to gauge the impact of imposing possible sanctions with concerns to Eastern Europe conditions and how that would affect America’s nuclear industry.
The investment bank explained that the Sprott Physical Uranium Trust was currently the largest fund holding actual uranium instead of futures contracts. Earlier in March, the price of uranium hit a new record, its highest figure in more than a decade. This substantial increase is believed to have been prompted by reports that the Biden administration was in talks to gauge the impact of imposing possible sanctions with concerns […]
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