Insights

Gold and Silver: Precious Metals On the Move

Gold and Silver: Precious Metals On the Move

Replay our webcast, focused on gold and silver, and featuring John Hathaway and Maria Smirnova. Gold is enjoying strong support from central bank buyers like China, looking for an alternative to the U.S. dollar. Silver is benefitting from increased demand for photovoltaic solar panels, which climbed to new highs in 2023.

Insights from 2024 and 2023

AI's Critical Impact on Electricity and Energy Demand

AI's Critical Impact on Electricity and Energy Demand

The rise of AI and data centers is likely to significantly increase global electricity demand, creating challenges for power grids but also opportunities for stable, clean energy sources like nuclear power. AI data centers are also likely to support increased demand for copper-intensive electrical equipment.

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The Case for Investing in Nickel Miners

The Case for Investing in Nickel Miners

Nickel's future looks promising due to its role in achieving net-zero emission goals. Stricter regulations and government support for electric vehicles are driving up demand for nickel, which will benefit nickel mining companies in the long run. Nickel-intensive batteries are also increasingly being used in large-scale energy storage systems that employ thousands of NMC batteries to power renewable energy projects.

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Nuclear Revival: A Resurgence for Uranium Miners

Nuclear Revival: A Resurgence for Uranium Miners

Rising global commitments to nuclear energy are helping to make uranium a compelling investment. While spot uranium prices have come down slightly after a significant rise, we believe there is room for growth given that demand is expected to climb as the need for low-carbon energy sources intensifies. We believe that uranium miners can add growth potential and diversification to investor portfolios.

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Miners Ignore Softer Uranium Price

Miners Ignore Softer Uranium Price

The uranium market showed mixed performance in March: the spot uranium price fell but miners' stocks rose due to long-term positive outlook for uranium demand. With no meaningful new supply on the horizon for three to five years, we believe the uranium bull market has further room to run.

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Battery Storage Is the Technological Cornerstone for a Sustainable Energy Future

Battery Storage Is the Technological Cornerstone for a Sustainable Energy Future

The energy sector has experienced a remarkable transformation, primarily driven by the rapid growth and integration of renewable energy sources. Central to this transition is the advancement of battery storage technology, a critical enabler that promises to reshape how we generate, distribute and consume electricity. As we examine this evolving landscape, it becomes evident that battery storage is a technological cornerstone for a sustainable energy future.

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Sprott CEO Says He’s Bullish on Gold in the Near-Term Thanks to China Buying

Sprott CEO Says He’s Bullish on Gold in the Near-Term Thanks to China Buying

John Ciampaglia, CEO of Sprott Asset Management, joins CNBC's Fast Money to talk about the gold market and explain how central banks and overseas buyers are driving current demand. 

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What Does the Gold Price Breakout Mean?

What Does the Gold Price Breakout Mean?

The breakout in gold prices since February has been largely ignored by mainstream investors. Gold bullion’s breakout is significant in that it represents the positive resolution of a three-year standoff, consolidation, or tug of war between bulls and bears. The indifference of investors in Western capital markets suggests to us that there is significant potential for further upside.

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Gold Is on the Rise and Reaches All-Time High

Gold Is on the Rise and Reaches All-Time High

Gold reached an all-time closing high and is up 8.09% YTD (as of 3/31/2024) after rising 13.10% in 2023. We believe several fundamental factors are in place for gold to move higher, in particular, strong central bank buying. We also see three drivers for a higher silver price: 1) silver tracks rising gold due to central bank buying, 2) reflation trade and 3) increased solar panel demand.

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Shifting Energy: The Copper Growth Story

Shifting Energy: The Copper Growth Story

In this episode of Shifting Energy (Season 1), Thalia Hayden @etfguide talks with Ed Coyne, Senior Managing Partner and Steve Schoffstall, Director of ETF Product Management at Sprott Asset Management about the copper growth story, what's driving it and the investment opportunities now and ahead.

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The Elements of Energy: Uranium and Copper

The Elements of Energy: Uranium and Copper

Learn how renewed interest in nuclear power, rising global energy demands, and the transition to clean energy are driving investment opportunities in uranium, copper and their miners.

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Uranium and Copper: The Elements of Energy

Uranium and Copper: The Elements of Energy

Electricity demand is expected to grow 86% by 2050. At the same time, most of the world is committed to seeking zero-carbon emissions and increasing nuclear energy capacity. At the center of this growth and transformation are uranium and copper – two critical materials that are in high demand and limited supply. These materials and their miners are potentially attractive investment opportunities.

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Uranium Bull Market Takes a Healthy Pause

Uranium Bull Market Takes a Healthy Pause

Uranium markets pulled back in February after a rapid risein our view, this is a healthy pause in the ongoing uranium bull market. Announcements from Kazatomprom and Cameco underscored the uranium markets' structural supply deficit, while global governments continued to champion the benefits of nuclear energy.

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Nasdaq TradeTalks: How the Demand for Copper Could be Impacted by the Transition to Cleaner Energy

Nasdaq TradeTalks: How the Demand for Copper Could be Impacted by the Transition to Cleaner Energy

Steve Schoffstall visits Nasdaq TradeTalks to talk about Sprott’s continued expansion in the critical minerals sector, including the launch of Sprott Copper Miners ETF (COPP). Steve touches on the demand for copper in the ongoing global energy transition and what it means for the copper market overall. 

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Nasdaq Investment News: Copper and its Role in the Transition to Cleaner Energy

Nasdaq Investment News: Copper and its Role in the Transition to Cleaner Energy

Ed Coyne stops by Nasdaq Investment News to discuss copper’s role in the energy transition, its current status in the market and how Sprott is capturing the potential opportunity with the Sprott Copper Miners ETF (COPP) and the Sprott Junior Copper Miners ETF (COPJ).

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Global Investment Pours into Renewable Energy

Global Investment Pours into Renewable Energy

February was a lackluster month for critical materials, but the backdrop remains very positive. The global commitment to clean energy hit a new milestone in 2023 as investment in energy transition surged to an unprecedented $1.77 trillion, led by electrified transport. Over the past 10 years, investment in global energy transition has grown at a 24% compound annual rate, several times the global GDP growth rate.

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Unearthing Opportunity: Uranium Miners and the Global Clean Energy Transition

Unearthing Opportunity: Uranium Miners and the Global Clean Energy Transition

Energy infrastructure and commodity markets are coming into high focus. A new wave of technological changes geared towards higher energy efficiency is underway. We believe that nuclear energy and uranium miners are poised to benefit from this shift.

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A New Era: How Critical Minerals are Driving the Global Energy Transition

A New Era: How Critical Minerals are Driving the Global Energy Transition

Critical minerals are essential for the global energy transition as we gradually phase out CO2-intensive energy sources with cleaner sources, including nuclear, solar, wind, hydro and geothermal energy and greater use of electric vehicles (EVs). We believe the unique supply and demand dynamics for critical minerals will underpin potential investment opportunities in the years ahead.

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Shifting Energy: The Nuclear Energy Comeback and Uranium Powering It

Shifting Energy: The Nuclear Energy Comeback and Uranium Powering It

John Ciampaglia, CEO of Sprott Asset Management, joins Thalia Hayden on Sprott’s new video series, Shifting Energy. They discuss surging uranium prices, the latest nuclear renaissance and potential investment opportunities. The series was created in partnership with ETF Guide to keep viewers on top of energy transition investment opportunities. 

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Copper: Wired for the Future

Copper: Wired for the Future

The demand for copper in energy grids, electric vehicles and clean energy technologies, combined with diminishing ore grades and limited inventories, underscores copper's growing importance. We believe copper prices and miners are likely to benefit from the growing supply-demand gap.

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Copper: The Red Metal's Central Role in Powering Our Net-Zero Carbon Future

Copper: The Red Metal's Central Role in Powering Our Net-Zero Carbon Future

Today, in the United States alone, copper is a crucial element in nearly 7 million miles of electrical transmission and distribution wires. This white paper introduces the trends that are driving copper markets and copper miners, and explains our positive outlook for growth.

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John Hathaway: Gold Stocks "Ridiculously Cheap," What Will Make Them Move?

John Hathaway: Gold Stocks "Ridiculously Cheap," What Will Make Them Move?

Sprott's John Hathaway shares his thoughts on the disconnect between the gold price and gold stocks, explaining why it's happening, whether he's seen it before and what could make gold stocks finally start moving.

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Uranium Price Returns to Triple Digits

Uranium Price Returns to Triple Digits

Uranium price surged 11% in January to $101 per pound, fueled in part by Kazatomprom's cut in guidance for 2024 production by ~14%. Junior uranium miners were top performers for the month, climbing 18.78%. Supply uncertainties continue to dominate markets, given the situation in Niger and possible bans on Russian uranium. 

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The Emerging Renewable Energy Economy

The Emerging Renewable Energy Economy

A significant transition is underway in global energy production. The era of renewable energy is emerging and beginning to reshape power generation. Recent trends suggest that this shift is no fleeting phenomenon but a fundamental transformation powered by the relentless fall in renewable energy costs. The world is investing heavily in renewables. Some 62% of total global energy investment is now directed to clean energy.

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 Radioactive-Asset Manager

Radioactive-Asset Manager

Whitney George, CEO of Sprott, joined Evan Lorenz to discuss Sprott's growth and the increasing demand for critical materials, including uranium. George: "The world is going to wake up and discover that there are huge deficits in things like copper, lithium and nickel. They're volatile, but as contrarians, we have the ability to move in when others are going the other way." 

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Sprott Uranium Update 2024

Sprott Uranium Update 2024

John Ciampaglia, CEO Sprott Asset Management, joins James Connor at the Bloor Street Capital Virtual Uranium Conference to examine the growing interest in the uranium market, the current state of the spot and contracting markets and Sprott’s movement in the space. 

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 Sprott is Bullish on Uranium as Governments Shift to the Energy Source

Sprott is Bullish on Uranium as Governments Shift to the Energy Source

John Ciampaglia, CEO of Sprott Asset Management, sits down with Andrew Bell of BNN Bloomberg to discuss the uranium market and Sprott’s growth in the space. Campaglia: "We’ve been very active in educating the market and investors about the uranium thesis since we acquired the Uranium Participation Corporation in July of 2021."

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Top 10 Themes for 2024

Top 10 Themes for 2024

What forces are likely to drive energy transition materials and precious metals markets in 2024 and over the next decade? We discuss 10 critical macroeconomic and market-specific themes ranging from deglobalization and climate policy to the new commodity supercycle and a potential silver price breakout.

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Nuclear Waste: Dispelling Fears and Myths

Nuclear Waste: Dispelling Fears and Myths

Nuclear waste is not something to be feared. The care with which it is handled and stored contributes to the fact that nuclear power is one of the safest forms of baseload energy generation known to humanity. In this video, we dispel the many fears and concerns about spent nuclear fuel. 

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Gold Mining Stocks, A Clear and Compelling Investment Case

Gold Mining Stocks, A Clear and Compelling Investment Case

We firmly believe that the investment case for gold mining equities is clear and compelling, grounded in both value analysis and situational factors. A primary challenge is having the patience to wait for investors to discover the attraction. In our view, investing in gold equities is an asymmetric proposition of minimal downside offset by outsized upside potential. 

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Sergio Lujan Talks Sprott’s Expertise and the Gold Markets with RIA Channel

Sergio Lujan Talks Sprott’s Expertise and the Gold Markets with RIA Channel

At the 2023 Schwab Impact conference, Sergio Lujan joined Keith Black of RIA Channel to discuss Sprott’s specialization in precious metals, the current state of the gold market, along with our outlook.

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What a Year for Uranium and Nuclear Energy

What a Year for Uranium and Nuclear Energy

2023 provided the long-awaited inflection point for the uranium contracting cycle whereby we have finally achieved replacement rate levels. We believe the era of uranium inventory destocking and utility complacency is over. Long-term security of supply concerns, fanned by lingering geopolitical risks and the challenges of expanding primary production, are likely the key themes to watch.

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Super Terrific Happy Hour Ep. 21: Return of the Doyen

Super Terrific Happy Hour Ep. 21: Return of the Doyen

Stephanie Pomboy and Grant Williams, hosts of the popular podcast Super Terrific Happy Hour, interview a true legend of the precious metals industry, John Hathaway. John explains where he feels the world’s central banks currently stand on gold, analyzes the relationship between both real interest rates and the U.S. fiscal situation as they pertain to precious metals prices and discusses their potential impact on the price as we move into 2024.

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Uranium & Nuclear Get Boost from COP28

Uranium & Nuclear Get Boost from COP28

The U3O8 uranium spot price broke through $80 per pound, gaining 8.39% in November and is up 67.10% YTD; uranium stocks followed suit. COP28 was dubbed the "nuclear COP" in recognition of nuclear power's increasing importance and a growing awareness of a uranium supply-demand gap.

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Future Facing Metals, Both Precious and Critical

Future Facing Metals, Both Precious and Critical

Replay our webcast which focused on how the global energy transition is changing the mining industry. Miners are shifting focus from a China-led commodity supercycle focused on industrialization and urbanization to a new cycle driven by clean energy and renewable energy technologies. Forward facing metals play a significant role in this dynamic.

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Lithium-Ion Technology Solidifies Lead in EV Battery Stakes

Lithium-Ion Technology Solidifies Lead in EV Battery Stakes

The long-term trajectory for EVs is positive despite the recent slowdown. The EV industry is navigating the typical challenges of early technology adoption, with continuous investments and technological advancements driving the transition to electrification. Lithium-ion batteries (LIBs) are the preferred battery technology for EVs, thanks to their superior technical properties and significant investment in their development and infrastructure.

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Gold’s Bold Move to New Closing High

Gold’s Bold Move to New Closing High

On Friday, December 1, 2023, spot gold bullion registered an all-time high closing price of $2,072.22, surpassing the prior closing high of $2,063.54 reached on August 6, 2023. Risk assets have been helped by lower long-term bond yields, a weakening U.S. dollar and record gold buying of by central banks.

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Uranium Market Outlook 2024

Uranium Market Outlook 2024

Per Jander and James Connor discuss the uranium market, highlighting the catalysts for sharp increases in uranium prices in 2023, including increased utility and producer activity, production shortfalls from major players like Cameco and Orano, and geopolitical uncertainties affecting supply. Per Jander expresses optimism for the uranium market, emphasizing strong demand, ongoing long-term contracting discussions and potential supply disruptions as factors that could contribute to further price increases in 2024.

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Higher Uranium Prices Allow Miners to Resume Production

Higher Uranium Prices Allow Miners to Resume Production

The uranium price increased in October, reaching a 12-year high at $74.48 per pound. Although uranium mining stocks pulled back last month, the stronger uranium price has boosted producer revenues and the potential for mine restarts and new developments. A growing supply deficit is helping to support higher price levels as the West focuses on reshoring supply chains. 

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Battery Metals with Bloor Street Capital

Battery Metals with Bloor Street Capital

Bloor Street Capital's Battery Metals Conference featured John Ciampaglia, CEO of Sprott Asset Management, interviewed by Margot Rubin.

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Energy Security and the Shifting Focus from Oil to Critical Minerals

Energy Security and the Shifting Focus from Oil to Critical Minerals

As the United States advances in its pursuit of clean energy, it is strategically redirecting its energy security emphasis from oil to critical minerals. This dynamic shift is designed to decrease reliance on oil, and diminish the influence of oil geopolitics and the sway of petrostates such as Russia.

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Uranium Rally in Early Innings, Sprott Asset Management CEO Suggests

Uranium Rally in Early Innings, Sprott Asset Management CEO Suggests

John Ciampaglia, CEO of Sprott Asset Management joins CNBC's Fast Money to talk about the uranium market and share Sprott's views on the benefits of nuclear energy and the need for energy security.

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The Energy Transition to Uranium and Battery Metals

The Energy Transition to Uranium and Battery Metals

Ed Coyne, Senior Managing Partner, sits down with Gillian Kemmerer of Asset TV to discuss the energy transition to uranium and other battery metals, and what investors should take into consideration in this space. He also shares Sprott's outlook on gold. 

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Central Banks Support Gold & Solar PV Demand Buoys Silver

Central Banks Support Gold & Solar PV Demand Buoys Silver

Despite a pullback on gold investments, demand from sovereigns and central banks remains unwavering. Over the past decade, China has been committed to bolstering its gold reserves to enhance its economic and geopolitical standings. Silver is likely to be in high demand as the energy transition expands, given it is critical to solar PV panel technology, EV batteries and 5G cellular service. 

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Gold and the Debt Bubble

Gold and the Debt Bubble

Despite recent weakness in gold and precious metals stocks, we believe gold may be poised for stronger performance in the coming months. The Federal Reserve's "higher for longer" stance on interest rates is unsustainable and could lead to a general credit deflation and a recession. Trouble is brewing in the banking system and the labor market, which could further support a rise in gold prices.

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Silver Demand Grows as Solar Leads Renewables

Silver Demand Grows as Solar Leads Renewables

Uranium's performance helped the energy transition complex close higher in September. From a macro outlook, solar panels are emerging as a critical player in the global energy transition. Evolving technologies in renewable energy, especially in the solar space, are driving a surge in silver demand which may likely outpace supply over the next decade.

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Uranium Update with Bloor Street Capital

Uranium Update with Bloor Street Capital

John Ciampaglia, CEO of Sprott Asset Management: "Uranium has been one of the shining lights among commodities, given that it has had strong performance year to date. I think many investors are interested in what's going on in the uranium space, whether they are deeply involved in the trade or new to it. Investors are trying to understand the key drivers." 

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Uranium Rally Gains Power in September

Uranium Rally Gains Power in September

Uranium and uranium mining stocks posted their best month in two years, as the price of U3O8 reached a 12-year high. YTD as of 9/30/23, physical uranium has risen 51.88% and uranium mining equities have gained 23.93%. Positive sentiment toward nuclear power is growing, and the WNA estimates that uranium demand will double by 2040. Western nations are strategically maneuvering to reduce their dependence on Russia for both uranium supplies and related services.

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How the Uranium Market Works

How the Uranium Market Works

Per Jander, WMC Technical Advisor to Sprott Physical Uranium Trust, draws upon his years of experience as a uranium trader to reveal how the market works. Who are the buyers and sellers, how is uranium transacted and how will the market evolve moving forward? Per answers these questions and more to give investors a better understanding of the dynamics of the uranium trade.

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Pro-Nuclear Sentiment Ignites Uranium Opportunities

Pro-Nuclear Sentiment Ignites Uranium Opportunities

The global nuclear power industry is experiencing a revival. Geopolitical events and a surge in energy demand have shifted sentiment positively, with countries investing in new nuclear reactor builds, restarts and extensions. This has created a growth opportunity for uranium miners, especially as the uranium supply is facing challenges in meeting current and future demand.

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The Great Power Shift: Uranium, Battery Metals and the Energy Transition

The Great Power Shift: Uranium, Battery Metals and the Energy Transition

The clean energy transition and worldwide energy security goals are fueling a global power shift. This shift has reignited interest in nuclear power, accelerated electric vehicle (EV) adoption and spurred renewable energy deployment. In this environment, uranium, lithium, copper and other high-demand, short-supply critical minerals are vitally crucial — and potentially attractive as investment opportunities.

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Strong Fundamentals Anchor Uranium's Rise

Strong Fundamentals Anchor Uranium's Rise

Uranium and uranium mining stocks had a strong month in August. YTD as of 8/31/2023, spot uranium and uranium mining stocks have climbed 25.49% and 21.52%, respectively, outperforming the frothy S&P 500 TR Index's YTD return of 18.73%. We believe the uranium bull market is intact and favorable supply-demand dynamics will likely continue to provide support.

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U.S. Taking Center Stage in Cleantech Investment

U.S. Taking Center Stage in Cleantech Investment

Uranium had a strong month in August, contrasting with the decline of most energy transition metals due to China's economic troubles and shadow banking woes. The investment capital spurred by the U.S. Inflation Reduction Act (IRA) is turning the U.S. into a cleantech powerhouse, reshaping global economics. The old China-led commodity supercycle is giving way to a new U.S.-based supercycle focusing on clean energy and innovation.

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Electric Vehicles and the Growing Opportunity for Lithium Miners

Electric Vehicles and the Growing Opportunity for Lithium Miners

Electric vehicle (EV) adoption has surged in recent years, creating unprecedented demand for lithium, a critical component of EV batteries. With lithium demand expected to rise substantially in the years ahead, lithium miners are at the nexus of the global EV transformation. 

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Uranium, Lithium, Copper, Gold and Silver and Changing Attitudes Toward Commodities

Uranium, Lithium, Copper, Gold and Silver and Changing Attitudes Toward Commodities

John Ciampaglia, CEO of Sprott Asset Management discusses why a higher uranium price will help incentivize much needed production for the world's growing nuclear fleet. John also discusses his outlook on gold, silver, copper, lithium and more.

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Stars are Aligning for Uranium and Nuclear Energy

Stars are Aligning for Uranium and Nuclear Energy

Uranium continued to outshine other commodities, with U3O8 surging 16.35% and uranium miner stocks climbing 9.11% YTD as of July 31, 2023. The growing embrace of nuclear energy is driving demand and sparking a resurgence in uranium mine operations. The U.S. opened its first new nuclear power facility in 30 years (Georgia Power's Plant Vogtle) and is actively legislating to reduce dependency on Russia's nuclear supply chain.

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Growing Urgency to Modernize U.S. Power Grid

Growing Urgency to Modernize U.S. Power Grid

Given increased electricity demand and the risks posed by climate change, the U.S. power grid desperately needs modernization. There is an immediate need to expand the grid’s capacity, increase its resilience and support its most vulnerable components – the transmission and distribution lines. This is driving the development of energy storage systems and V2G (vehicle-to-grid) technology and is a major copper demand driver. 

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Sprott Update on Gold, Uranium and Battery Metals

Sprott Update on Gold, Uranium and Battery Metals

John Ciampaglia, CEO of Sprott Asset Management, sits down with James Connor of Bloor Street Capital to discuss the current state of the gold market, the resilience of uranium compared to other commodities, the growth of the battery metals sector and Sprott’s focus on providing investors with access to energy transition investments. 

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Central Banks Flex Gold Market Muscle

Central Banks Flex Gold Market Muscle

In the first half of 2023, the gold bullion price rose by 5.23% despite competition from a euphoric equity market. Even with contrasting approaches, central banks and investment funds became the main players shaping the gold market in the first half of the year. Central bank buying drove demand, and gold is reverting to its historical role as a significant reserve asset as central banks seek to diversify amid geopolitical uncertainties.

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Supply-Demand Gap Ignites Uranium Rally

Supply-Demand Gap Ignites Uranium Rally

Uranium markets rallied in June with the U3O8 uranium spot price adding 2.61%. U3O8 has climbed a healthy 15.95% YTD, while most other commodities have lost ground. Greater focus on the uranium supply-demand gap helped boost uranium mining stocks in June, with junior miners up 18.88%. Positive momentum in reshoring supply chains continues, given looming sanctions on Russian uranium.

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Gold vs. Gold Stocks, An Unresolved Incongruity

Gold vs. Gold Stocks, An Unresolved Incongruity

Gold mining stocks are inextricably connected to the price behavior of gold bullion. Yet their recent response to the gold bull market has been disappointing. If gold should rise above the psychological $2,000 threshold, this may provide a strong catalyst for gold mining stocks. 

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EV Battery Independence and the New U.S. Manufacturing Supercycle

EV Battery Independence and the New U.S. Manufacturing Supercycle

Energy transition metals miners posted strong results in June, with uranium mining equities leading the group. The U.S. is entering the early stages of a manufacturing supercycle driven by massive energy transition investment, which includes building a secure and resilient domestic EV battery supply chain. The U.S. and EU are likely to replace China as the primary drivers of future metals demand, as China's two-decades-long commodities dominance has likely crested.

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Key Facts about Spent Nuclear Fuel

Key Facts about Spent Nuclear Fuel

Chemical reactions of fossil-fuel plants release more radiation into the environment than the operation of nuclear energy plants — 10 times more. Most nuclear-industry waste is relatively low in radioactivity, and only a small amount is produced. Estimates put the total waste from a nuclear reactor supplying one person's electricity needs for a year at the size of a standard brick.

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Uranium Remains Resilient, While Threats of Nationalism Rattle Equities

Uranium Remains Resilient, While Threats of Nationalism Rattle Equities

The U3O8 uranium spot price gained 1.58% in May,* increasing from US$53.74 to $54.59 per pound as of May 31, 2023. Uranium has posted a healthy 12.99% year-to-date return as of May 31, and continued to show strength and diversification relative to other commodities, which declined 13.16% YTD (as measured by the BCOM Index).

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Geopolitical Risks Enhance Gold’s Role as a Reserve Asset

Geopolitical Risks Enhance Gold’s Role as a Reserve Asset

Gold attempted to breakout above $2,050 in early May before drifting lower as the U.S. debt-ceiling drama deepened and the U.S. dollar strengthened. At the same time, global central banks have been accumulating gold at a record pace. This highlights gold's role as a neutral reserve asset that has the potential to mitigate increasing counterparty risks amid escalating geopolitical tensions.

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The West Moves to Weaken China's Hold

The West Moves to Weaken China's Hold

Lithium and lithium miners staged a sharp rebound rally in May and were the positive exception among critical minerals. The sector was weighed down by China's faltering recovery, ongoing global growth concerns and the U.S. debt ceiling drama. China’s dominance in critical minerals poses risks to the West’s manufacturing base and national security, highlighting the need for onshoring and friend-shoring energy transition supply chains.

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In Gold We Trust Report 2023 - Showdown

In Gold We Trust Report 2023 - Showdown

"In our opinion, the term showdown is an apt description of the current situation, in which economic, political and social developments are on the brink of a fundamental change of course. The current situation is also unique because we are not dealing with a singular showdown. Multiple escalations are occurring simultaneously and have the potential to further inflame each other."

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Gold: A Safe Haven without Parallel?

Gold: A Safe Haven without Parallel?

Replay our webcast featuring John Hathaway and Doug Groh, discussing the current outlook for gold and gold mining equities. Gold has proven to be an effective safe haven asset during this challenging period, which began with the early 2022 Russia-Ukraine invasion and was followed by rising interest rates, stubborn inflation and the 2023 banking crisis. We believe near-term support for gold will remain at ~$2,000 and that markets are likely to test new highs.

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Unearthing Investment Opportunities in Precious Metals and Critical Minerals

Unearthing Investment Opportunities in Precious Metals and Critical Minerals

Sprott CEO Whitney George discusses the global energy transition and the growing interest in critical minerals investing with Asset TV's Jonathan Forsgren. George explains how Sprott expanded beyond "all things gold" to offer physical uranium, as it forged a path to becoming a recognized asset manager in the energy transition space.

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Gold Rides Higher on Recession Fears

Gold Rides Higher on Recession Fears

The gold market continues to be bullish as the probability of a recession rises, regional banking stress resurfaces and the Fed seems determined "get inflation down to 2%, over time". Globally, we are entering a more challenging period featuring subpar economic growth, increasing risks to systematic financial stability, stubbornly high inflation and rising geopolitical risks. Against this backdrop, we believe gold should perform well, even if the U.S. debt ceiling disaster is averted.

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Bloor Street Capital Virtual Copper Conference

Bloor Street Capital Virtual Copper Conference

Sprott Asset Management’s Shree Kargutkar, CFA, speaks with Bloor Street Capital’s Jimmy Connor at the May 11 Virtual Copper Conference. Shree discussed the supply/demand scenario for the metal and how it may change with the growth of electric vehicles, geopolitical factors impacting global copper mining and recent M&A activity in the sector. He and outlined the potential investment opportunity copper and its miners provide. 

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Nationalization and Surging M&A Highlight Secular Strength

Nationalization and Surging M&A Highlight Secular Strength

The long-term secular growth outlook for energy transition materials got several boosts in April, despite tepid performance for the month. Chile's decision to nationalize its lithium reserves reinforces the metal's role as a global strategic economic asset. M&A activity has heated up in the copper mining sector with lofty bids, including Glencore's $23 billion rejected offer for Teck Resources at a 20% premium.

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Uranium’s April Breakthrough

Uranium’s April Breakthrough

The U3O8 uranium spot price climbed 6.01% in April, closing the month at $53.74. The U3O8 price reacted positively to China's bullish comments about its ambitious plans to expand its nuclear energy capacity to supply 18% of its electricity needs by 2060, up from 5% today. YTD, the uranium spot price has gained 11.24% as global acceptance of nuclear energy increases and positive momentum builds within the uranium industry.

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How Deglobalization is Changing the Dynamics of Securing Critical Minerals

How Deglobalization is Changing the Dynamics of Securing Critical Minerals

Commodity prices weakened in March in reaction to financial system stress and recession fears. As deglobalization accelerates, unfettered access to critical minerals is not likely to last. The old system of free and fair access to commodities, including critical minerals, is moving toward one marked by interregional competition, and unstable availability and pricing. China has moved aggressively to acquire critical minerals in the past 20, but we believe the West has near-unmatched capabilities and is a formidable competitor.

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A Bullion "Moat" for Your Portfolio

A Bullion "Moat" for Your Portfolio

In Q1 2023, precious metals bullion and equities showed strong YTD momentum, with gold closing above the psychologically important $2,000 per ounce mark and silver reaching $25. Gold/silver mining equities also posted notable gains. We believe that investments in precious metals bullion, especially, have the potential to provide a safe haven "moat" to investment portfolios.

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Uranium Proves Resilient in March

Uranium Proves Resilient in March

The U3O8 uranium spot price fell slightly in March, from $50.85 to $50.70. YTD through 3/31/2023, uranium has gained 4.93%, demonstrating resilience relative to other commodities (down 6.47% as measured by the BCOM Index). Along with other equities, uranium mining stocks fell in March, victims of the selloff following the U.S.'s biggest banking crisis since 2008. Positive headlines on nuclear power restarts continued in March.

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Gold Bulls Run Faster as Fed Tackles Banking Crisis

Gold Bulls Run Faster as Fed Tackles Banking Crisis

In March, gold posted its highest monthly close since July 2020 and rounded out a solid Q1 2023 gain of 7.96%. Gold is now up 21.38% from last autumn's low (9/26/22) following the most aggressive central bank purchases in decades and gold investment flows catalyzed by the U.S. banking crisis. We are very optimistic given that many significant long-term bullish macro factors for gold have become stronger, while some shorter-term cyclical gold bearish factors have faded.

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Is My Money Safe?

Is My Money Safe?

Let it be said here that the financial media at best pays only lip service to the thought: there is likely no safer asset than physical gold. The yellow metal has no counterparty risk (unlike all other financial instruments including bank deposits and government bonds), is highly liquid and has an unbroken record of retaining value in absolute terms and relative to financial assets.

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Has the Next Commodities Supercycle Begun?

Has the Next Commodities Supercycle Begun?

February saw energy transition materials/critical minerals markets correct, but the secular story remains strong. As the global energy transition "arms race" heats up, the drive to secure supply is fast becoming more important than price. All signs indicate the 40-year bond bull market has likely ended and the next great secular bull market in commodities has begun.

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Uranium‘s Mixed February

Uranium‘s Mixed February

Although markets in February saw a reversal of January's positive performance, spot uranium posted a slight gain of 0.20%, outperforming many other asset classes. Uranium miners made headlines with significantly-sized uranium contracts that reflect higher demand for long-term supply commitments. Uranium market fundamentals are the most positive in over a decade and are likely to continue to be the primary performance driver.

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BNN Bloomberg with Sprott CEO Whitney George

BNN Bloomberg with Sprott CEO Whitney George

Whitney George, Sprott CEO: "In addition to our traditional precious metals focus, we have entered the energy transition materials space, which began with the creation of Sprott Physical Uranium Trust.... I believe Sprott is well equipped to offer  energy transition investments, which will be a very important theme in the next 10 years."

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First Gold Dip  Since Central Bank Buying Spree

First Gold Dip Since Central Bank Buying Spree

Gold fell in February, closing the month at $1,827 in a correction characterized by a stall in buying, but not selling. Since gold's autumn 2022 low of $1,622, global central banks have been buying gold at record rates; more than three times their long-term averages. The current scale of central bank buying is massive — an annualized rate of 1,724 tonnes vs. an average of 512 tonnes over the past decade. Central bank gold purchases as a percentage of global gold demand have also tripled to 34% from their average of 11% over the past several years.

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Bloor Street Capital Nuclear and Uranium Conference

Bloor Street Capital Nuclear and Uranium Conference

John Ciampaglia: “I think it's an interesting time to be investing in uranium — from a fundamental perspective, from an energy policy perspective, from a geopolitical risk perspective….we've experienced a sea change in the level of interest related to uranium, energy transition materials and mining investments.” Bloor Street Capital's Nuclear and Uranium Virtual Conference featured John Ciampaglia, CEO of Sprott Asset Management, and Per Jander, WMC Energy, Director, Nuclear & Renewables.

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The Energy Transition Is Here. Is Your Portfolio Ready?

The Energy Transition Is Here. Is Your Portfolio Ready?

As the world sets aggressive goals to reduce reliance on fossil fuels and move to cleaner energy sources, critical minerals will be essential. Due to years of underinvestment, we believe demand is likely to outstrip supply for many energy transition materials, including uranium, lithium, copper, nickel and others. The investment opportunities may be powerful.

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Critical Materials Start 2023 With a Bang

Critical Materials Start 2023 With a Bang

We believe we are in the early stages of an energy transition materials secular bull market and favorable supply-demand dynamics are likely going forward. The upward revision in global growth, the timing effect of the China credit impulse and the surprise ending of China's zero-COVID policy have provided a tailwind for the metals market. For energy transition metals, we see this as a cyclical boost on top of the robust secular demand that is in play.

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From the Ground Up

From the Ground Up

Value Investor Insight interviewed Whitney George, John Ciampaglia, John Hathaway, Matthew Haynes and Per Jander on the key global macroeconomic shifts that have prompted Sprott to broaden and deepen its focus on real assets and energy transition investing. CEO Whitney George: "For the global energy transition, decarbonization initiatives will require an enormous amount of mined material. Chronic underinvestment in supply capacity and the difficulty in bringing mines to production indicate that supply is not likely to keep up with demand, putting upward pressure on prices for many energy transition materials."

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Uranium‘s January Jump

Uranium‘s January Jump

January was a strong month for uranium markets, with U3O8 uranium spot price posting a 5.05% increase and uranium mining equities gaining 14.65%. Looking ahead, we believe the uranium bull market still has a long way to run. Over the long term, increased demand in the face of an uncertain uranium supply is likely to support a sustained bull market.

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Strong China Demand Boosts Gold Rally

Strong China Demand Boosts Gold Rally

January was another positive month for gold bullion. We saw strong gold buying from China, with estimated tonnes purchased at the highest level since 2017. Price action and trading desk anecdotes indicate significant buying from China's "official sector", including the People’s Bank of China. This was in stark contrast to China's accelerated selling of U.S. Treasuries.

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Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition

Fireside Chat: Investing in the Critical Minerals Driving the Energy Transition

A global clean energy transition is underway. Significant investment in energy infrastructure will be required over the coming decades as we evolve how we generate, transmit and store energy. Critical minerals will be essential. We believe investing in the mining companies that produce critical minerals may offer attractive investment opportunities, as discussed in this video with Ed Coyne, Senior Managing Director at Sprott, and Steven Schoffstall, Director ETF Product Management.

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Key Trends for 2023 and December Recap

Key Trends for 2023 and December Recap

Three key themes for uranium markets in 2023: 1) increased emphasis on energy security worldwide; 2) higher conversion/enrichment prices may boost spot uranium prices; and 3) the global energy transition supports the case for nuclear power. Uranium's performance was notably strong in 2022, despite the overall bear market. Although uranium mining equities fared less well, we believe that the positive fundamentals for uranium and nuclear energy are likely to provide support in 2023.

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2023 Top 10 Watch List

2023 Top 10 Watch List

This year’s top 10 list offers Sprott’s thoughts on what will likely drive markets in the coming year and decade, from a macro perspective and the vantage of our asset classes: Precious Metals and Energy Transition Materials. We believe the global clean energy transition will grow more urgent as energy markets continue re-ordering and energy security becomes synonymous with national security. The signposts point to a commodity-intensive, inflationary and capital-intensive decade where energy transition materials and precious metals will become far more valued than in the prior market regime.

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Connecting a Few Dots

Connecting a Few Dots

Gold was an effective hedge in 2022, returning -0.28% for the bear market year. The yellow metal outperformed the S&P 500 Index, which declined 18.11%. Gold mining equities also outpaced the S&P 500. Looking ahead, we believe investors willing to seize the opportunity presented by inexpensive, unloved gold mining equities, will have the potential to reap substantial benefits from breaking the ranks of groupthink.

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