Uranium & Fuel

Uranium / As Price Continues To Rise, Sprott Warns On Supply Chains

By David Dalton
4 January 2024

‘It is a big challenge, yet an even bigger opportunity’

As Price Continues To Rise, Sprott Warns On Supply Chains
John Ciampaglia: ‘We are going to need to produce a tremendous amount of uranium.’
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).

Want to know more?
Sign up.

Pen Use this content

Tags


Related