Jacob White, CFA
ETF Product Manager, Sprott Asset Management
Jacob White joined Sprott Asset Management in July 2020. He is responsible for managing Sprott’s ETF lineup, ETF product development, investment analysis and thought leadership. Prior to Sprott, Mr. White worked in asset management on a proprietary outcome-oriented fund-of-funds platform, OCIO (Outsourced Chief Investment Officer) clients and delegated accounts. He helped manage diversified investment strategies, primarily for Canadian institutional investors. Mr. White holds a Bachelor of Business Administration (Finance Major) from Wilfrid Laurier University, a Bachelor of Mathematics from the University of Waterloo, and is a CFA® charterholder.
Insights by Jacob White, CFA
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
U.S. Electricity Grid Remakes Itself to Meet Surging AI-Led Power Demand
Demand for electricity over the next decade will put pressure on the U.S. power grid to keep pace. New investment in power-hungry industrial facilities is driving demand, especially the data centers that support artificial intelligence (AI), U.S. reshoring initiatives and the steady electrification of the transport sector.
Topics: Critical Materials, Copper, Lithium, Nickel
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
The Unstoppable Rise of Renewable Energy
Renewable energy is rapidly replacing fossil fuels as costs decrease and efficiencies improve with increased deployment, making it much cheaper than traditional energy sources. This shift, driven by the exponential growth of renewables, electrification, and efficiency, is expected to significantly alter global power dynamics as fossil fuels are phased out.
Topics: Critical Materials, Copper, Lithium, Nickel
Special Report
Lithium: Short-Term Opportunities for a Long-Term Trend
This might be an ideal moment to re-evaluate lithium miners given their potential to benefit as the global energy transition continues. The current dip in the price of lithium miners presents a potential short-term opportunity, given the strong future demand and supply imbalance.
Topics: Critical Materials, Lithium
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
Fourth Industrial Revolution Fuels Global Competition for Critical Minerals
The fourth industrial revolution (4IR) is driving unprecedented change. Its dominated by AI, robotics, IoT, genetic engineering and quantum computing. 4IR technologies need critical minerals, fueling a new commodity supercycle.
Topics: Critical Materials, Copper, Lithium, Nickel
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
A New Copper Supercycle Is Emerging
The copper market is entering a new supercycle. Demand is surging as countries invest in clean energy and protect their access to copper, while supply is constrained by a lack of new mine development.
Topics: Critical Materials
Sprott Critical Materials Monthly
AI's Critical Impact on Electricity and Energy Demand
The rise of AI and data centers will boost global electricity demand, challenging power grids but benefiting clean energy sources like nuclear. This trend will also increase demand for copper.
Topics: Critical Materials, Copper, Nickel, Lithium
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
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.
Topics: Critical Materials
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.
Topics: Gold, Silver, Uranium, Critical Materials
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.
Topics: Uranium, Critical Materials
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.
Topics: Uranium, Critical Materials
White Paper
Copper: The Red Metal's Central Role in Powering Our Net-Zero Carbon Future
In the U.S. alone, copper is a crucial element in nearly 7 million miles of electrical wires. This white paper introduces the trends that are driving copper markets and copper miners, and explains our positive outlook.
Topics: Critical Materials
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%.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
The Emerging Renewable Energy Economy
The era of renewable energy is emerging and beginning to reshape power generation. Recent trends suggest that this is a fundamental transformation powered by the fall in renewable energy costs.
Topics: Critical Materials, Copper, Lithium, Nickel
Special Report
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.
Topics: Gold, Silver, Critical Materials
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
Lithium-Ion Technology Solidifies Lead in EV Battery Stakes
The long-term trajectory for EVs is positive despite the recent slowdown. Lithium-ion batteries (LIBs) are the preferred battery technology for EVs, thanks to their superior technical properties.
Topics: Critical Materials, Copper, Lithium, Nickel
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
Energy Security and the Shifting Focus from Oil to Critical Minerals
As the U.S. advances in its pursuit of clean energy, it is strategically redirecting its energy security emphasis from oil to critical minerals, and diminish the influence of oil geopolitics and petrostates such as Russia.
Topics: Critical Materials, Copper, Lithium, Nickel
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.
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%.
Topics: Uranium, Critical Materials
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.
Topics: Uranium, Critical Materials
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.
Topics: Uranium, Critical Materials, Copper, Nickel, Lithium
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.
Topics: Uranium, Critical Materials
Sprott Critical Materials Monthly
Growing Urgency to Modernize U.S. Power Grid
The U.S. power grid desperately needs modernization. This is driving the development of energy storage systems and V2G (vehicle-to-grid) technology and is a major copper demand driver.
Topics: Critical Materials, Copper, Lithium, Nickel
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.