Insights
Sprott Insights offers unique analyses and perspectives from the firm’s leading experts on key topics in precious metals and critical materials.
Sprott Uranium Report
Big Tech Targets Nuclear Energy to Support AI Ambitions
Big tech is turning to nuclear energy to fuel the massive power needs of AI-driven data centers. They're striking bold deals to develop small modular reactors (SMRs), sparking a surge in uranium demand and helping to support clean energy innovation. At the same time, global uranium supply remains inadequate to meet both current and future reactor requirements.
Webcast Replay
An Investor's Guide to Precious Metals and Critical Materials
2024 has been an exciting year thus far for precious metals and critical materials. This webcast takes a technical perspective on the key drivers for gold, silver, uranium and copper, as all four metals enjoy positive markets. We also provide strategic portfolio allocation ideas for precious metals and critical materials.
Sprott Uranium Report
Uranium Markets Shake Off Summer Doldrums
The uranium market has faced short-term volatility, including price declines driven by geopolitical tensions and economic concerns. Despite these challenges, the long-term outlook remains strong. Supply uncertainties from key producers like Kazakhstan and Russia are contributing to this volatility, but the fundamental supply-demand imbalance suggests further growth potential.
Sprott Uranium Report
Uranium Case Strengthens
The uranium spot price has remained range-bound between $85 and $95 per pound, and ended the first half at $85.34 (June 30, 2024). Uranium miners fell in June, but bounced back in early July, outperforming the commodity YTD.
Sprott Uranium Report
Uranium Miners Lead Market Higher
YTD the uranium spot price has stabilized between $85-$95 per pound after an 88.54% rise in 2023, indicating a healthy correction in a bullish cycle. Uranium miners' performance improved, matching spot price gains.
Special Report
Nuclear Revival: A Resurgence for Uranium Miners
Rising global nuclear energy commitments make uranium a compelling investment. Despite a slight dip in spot prices, there's potential for growth.
Sprott Uranium Report
Miners Ignore Softer Uranium Price
In March, the uranium market saw mixed results: spot prices fell, but miners' stocks rose due to a positive long-term outlook. We believe the uranium bull market has more room to grow.
Interview
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.
Sprott Webcast Replay
Uranium and Copper: The Elements of Energy
Electricity demand is expected to grow 86% by 2050. At the center of this growth are uranium and copper – two critical materials that are in high demand and limited supply.
Sprott Uranium Report
Uranium Bull Market Takes a Healthy Pause
Uranium markets pulled back in February after a rapid rise—in our view, this is a healthy pause in the ongoing uranium bull market. News from Kazatomprom and Cameco reinforce uranium markets' structural supply deficit.
Sprott Critical Materials Monthly
Global Investment Pours into Renewable Energy
February was lackluster for critical materials, but the backdrop remains very positive. The global commitment to clean energy hit a new milestone in 2023 as investment surged to an unprecedented $1.77 trillion.
Shifting Energy
The Nuclear Energy Comeback and Uranium Powering It
John Ciampaglia joins Thalia Hayden on Sprott’s new video series, Shifting Energy. They discuss surging uranium prices, the latest nuclear renaissance and potential investment opportunities.
Sprott Uranium Report
Uranium Price Returns to Triple Digits
Uranium price surged 11% in January, fueled in part by Kazatomprom's cut in guidance for 2024 production. Junior uranium miners were top performers , climbing 18.78%.
Grant's Interest Rate Observer
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.
Interview
Sprott Uranium Update 2024
John Ciampaglia joins James Connor at the Bloor Street Capital Virtual Uranium Conference to examine the growing interest in the uranium market, and Sprott’s movement in the space.
Interview
Sprott is Bullish on Uranium as Governments Shift to the Energy Source
John Ciampaglia sits down with BNN Bloomberg to discuss the uranium market. "We’ve been very active in educating the market and investors about the uranium thesis since we acquired the Uranium Participation Corporation in July 2021."
Educational Video
Nuclear Waste: Dispelling Fears and Myths
Nuclear waste is not something to be feared. In this video, we dispel the many fears and concerns about spent nuclear fuel.
Sprott Outlook
What a Year for Uranium and Nuclear Energy
2023 provided the long-awaited inflection point for the uranium contracting cycle. 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.
Sprott Uranium Report
Uranium & Nuclear Get Boost from COP28
The U3O8 uranium spot price broke through $80 per pound, gaining 8.39% in November. COP28 was dubbed the "nuclear COP" in recognition of nuclear power's increasing importance.
Sprott Webcast Replay
Future Facing Metals, Both Precious and Critical
Watch our webcast. 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.
Interview
Uranium Market Outlook 2024
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.
Sprott Uranium Report
Higher Uranium Prices Allow Miners to Resume Production
The uranium price increased in October, reaching a 12-year high at $74.48 per pound. A growing supply deficit is helping to support higher price levels as the West focuses on reshoring supply chains.
Interview
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.
Interview
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.
Interview
The Energy Transition to Uranium and Battery Metals
Ed Coyne sits down with Asset TV to discuss the energy transition, including uranium and battery metals, and what investors should take into consideration in this space.
Sprott Critical Materials Monthly
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.
Interview
Uranium Update with Bloor Street Capital
"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 and are trying to understand the key drivers."
Sprott Uranium Report
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%.
Interview
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.
Special Report
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.
Sprott Webcast Replay
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.
Sprott Uranium Report
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.
Sprott Critical Materials Monthly
U.S. Taking Center Stage in Cleantech Investment
Uranium had a strong August, contrasting with the decline of most energy transition metals due to China's economic troubles. The investment capital spurred by the U.S. Inflation Reduction Act (IRA) is turning the U.S. into a cleantech powerhouse.
Interview
Uranium, Lithium, Copper, Gold and Silver and Changing Attitudes Toward Commodities
John Ciampaglia 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.
Sprott Uranium Report
Stars are Aligning for Uranium and Nuclear Energy
Uranium continued to outshine other commodities, with U3O8 surging 16.35% and uranium mining stocks up 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.
Interview
Sprott Update on Gold, Uranium and Battery Metals
John Ciampaglia discusses the current state of the gold market, the resilience of uranium, the growth of the battery metals sector and Sprott’s focus on providing investors with access to energy transition investments.
Sprott Uranium Report
Supply-Demand Gap Ignites Uranium Rally
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 as well.
Special Uranium Report
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.
Sprott Uranium Report
Uranium Remains Resilient, While Threats of Nationalism Rattle Equities
The U3O8 uranium spot price 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.
White Paper
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).
Sprott Uranium Report
Uranium’s April Breakthrough
The U3O8 uranium spot price climbed 6.01% in April, reacting positively to China's ambitious plans to expand its nuclear energy capacity. Global acceptance of nuclear energy has increased and positive momentum is building within the uranium industry.
Sprott Uranium Report
Uranium Proves Resilient in March
The U3O8 uranium spot price fell slightly in March. YTD through 3/31/2023, uranium has gained 4.93%, demonstrating resilience relative to other commodities.
Sprott Uranium Report
Uranium‘s Mixed February
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.
Interview
Bloor Street Capital Nuclear and Uranium Conference
“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.”
Sprott Webcast Replay
The Energy Transition Is Here. Is Your Portfolio Ready?
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.
Sprott Uranium Report
Uranium‘s January Jump
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.
Sprott Uranium Report
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.
Sprott Uranium Report
The Optimistic News Continues
While the price of U3O8 uranium has lagged since May 2022, conversion and enriched uranium prices have significantly appreciated. We believe that current demand, coupled with a shift away from Russian suppliers, is likely to support a higher U3O8 uranium spot price.
Sprott Webcast Replay
Looking Ahead to Metals and Miners
2022 has been a difficult year for many asset classes. Markets were historically volatile, with higher-than-expected inflation, quickly rising interest rates, the Russia-Ukraine war and the threat of a global economic recession.
Sprott Uranium Report
Uranium's October Optimism
The U3O8 uranium spot price climbed 8.32% in October. Our positive outlook is supported by the unprecedented number of announcements for nuclear power plant restarts, life extensions and new builds that are all creating demand for uranium.
Educational Video
Uranium: Born of the Stars
Uranium, an element born of the stars, is as complex as it is paradoxical. This heavy metal holds dormant powers both inspiring and terrifying. This video shares incredible facts about uranium’s inter-planetary origins and looks at the critical role of uranium in the burgeoning green energy economy.
Sprott Uranium Report
Uranium's September Setback
September was tough on uranium, which was negatively impacted by the month's drawdowns. We believe the uranium bull market remains intact, especially given that many countries are facing energy shortages and rocketing costs.
Sprott Uranium Report
Uranium’s August Glow
Uranium, both physical uranium and mining equities, had standout performance in August, in contrast to the weak results posted by the broader markets. We believe uranium's gains reflect the growing acceptance of nuclear power among global governments as they seek alternatives to meet ambitious energy transition and security goals.
White Paper
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.
Sprott Uranium Report
Dawn of a New Nuclear Renaissance?
The Sprott Physical Uranium Trust (“SPUT”, TSX: U.U ($US); U.UN ($CA)) was launched just over a year ago in July 2021. While we were optimistic about the prospects for uranium, we could not foresee the tectonic shifts in the uranium sector that followed the launch and SPUT’s significant impact.
UxC Weekly Article Reprint
SPUT: One Year Later
When SPUT began trading in late July 2021, there were many questions about how it would affect the uranium market. With 12 months of trading now behind us, we can confidently state that SPUT has dramatically altered the spot uranium market with far-reaching effects on much of the industry.
Sprott Webcast Replay
Uranium Miners and the Clean Energy Opportunity
A new uranium bull market is underway. Uranium miners are well positioned to take share within the energy sector as energy security and decarbonization take center stage globally.
Interview
Early Innings for Uranium Investments
Ed Coyne and Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), explain how the Index is constructed to provide exposure to the key components of the uranium mining industry.
Interview
NYSE with CEO John Ciampaglia on URNM
Douglas Yones, NYSE Head of Exchange Traded Products, interviews John Ciampaglia, Chief Executive Officer, Sprott Asset Management, on the recent launch of Sprott Uranium Miners ETF (URNM).
Sprott Podcast
Uncovering the World of Uranium
Host Ed Coyne is joined by Tim Rotolo to discuss the current dynamics of the uranium mining sector and how the Index is constructed to provide exposure to the key components of the uranium mining industry.
Sprott Webcast Replay
Uranium and Nuclear Energy: Critical to the Clean Energy Transition
Nuclear energy’s profile as a highly efficient, reliable and zero-carbon producing energy source has helped to create a new bull market for physical uranium.
Special Uranium Report
Why Nuclear Power Plant Life Extensions & Uprates Matter (...SMRs are in Early Stages)
Research and development on small modular nuclear reactors (SMRs) are underway globally and generating tremendous buzz. But SMRs are not likely to contribute meaningful amounts of carbon-free power for another decade.
Investment Risks and Important Disclosure
Relative to other sectors, precious metals and natural resources investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.
Past performance is no guarantee of future results. You cannot invest directly in an index. Investments, commentary, and opinions are unique and may not be reflective of any other Sprott entity or affiliate. Forward-looking language should not be construed as predictive. While third-party sources are believed to be reliable, Sprott makes no guarantee as to their accuracy or timeliness. This information does not constitute an offer or solicitation and may not be relied upon or considered to be the rendering of tax, legal, accounting or professional advice.