New report by Sprott says West’s renewed focus on energy security, doubling of conversion and enrichment prices and green energy transition provides structural support for a sustained bull run.
Commodity prices are always volatile, but in 2022 metal and mining markets reached new levels of turbulence, as the pandemic played out in China and the Ukraine war upended global energy.
The US nuclear reactor fleet, which provides about 20% of America's electricity production and over half of its clean energy, imports nearly 60% of its current uranium requirements from Russia, Kazakhstan and Uzbekistan.