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The uranium story remains “incredibly bullish,” but the macro backdrop is weighing on the sector.
“Right now I think uranium is kind of caught in the backdrop of a very bullish scenario in terms of the fundamentals,” said John Ciampaglia of Sprott Asset Management. “But the backdrop it’s being caught in is banking failures in the US, everyone still waiting for some kind of a pivot or a pause with Federal Reserve policy.”
This interview was filmed on May 2, 2023.
#Investing #Uranium #NuclearPower
0:00 – Intro
0:27 – Macro trends weighing on uranium
3:04 – When will uranium stocks take off?
5:12 – Sprott Physical Uranium Trust update
7:43 – Utilities know the market has changed
13:47 – What do today’s contracts look like?
17:36 – Nuclear power gaining popularity
22:24 – Stay patient, think long term
23:48 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.