‘It is a big challenge, yet an even bigger opportunity’
The uranium price hit $91/lb this week, its highest since 2007, but the global pivot back to nuclear energy is creating challenges such as the need to rebuild supply chains that have “long since disappeared”, John Ciampaglia, chief executive officer of Sprott Asset Management, which runs the Sprott Physical Uranium Trust, said in a blog post on Wednesday (3 January).
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