The price of uranium will rebound from its lowest level in a year as supply shortages, nuclear energy’s promise for clean energy and president-elect Donald Trump’s America-first security stance provide support, the world’s largest investment fund in the physical metal says.

The uranium spot price fell to $76.56/lb last week, down from a 17-year high of $106/lb in February.

But it should recover to between $90/lb and $100/lb by about June, according to John Ciampaglia, chief executive officer of Sprott Asset Management.