Why copper is like uranium: both face deficits and need significant capex — Sprott's John Ciampaglia
Uranium is “a very unique commodity” that even at $100 a pound is still seeing a supply deficit, says John Ciampaglia, CEO of Sprott Asset Management.
In February Ciampaglia spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Minerals Conference 2024 in Hollywood, Florida.
“We don't see a real meaningful supply response coming for the next few years and in the absence of that we think uranium prices are going to be higher for longer,” he said.
Ciampaglia said uranium is being recognized for its importance in achieving three goals: decarbonization, energy security, and as a…
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