Connect with us

Hi, what are you looking for?

Economy

John Ciampaglia: Uranium Facing Tight Supply, Pent-up Demand — Plus AI, Election Impact

John Ciampaglia, CEO of Sprott Asset Management, discusses uranium supply, demand and price developments, honing in on recent deals geared at feeding power demand for artificial intelligence (AI).

‘We never would have guessed it would have been AI data centers that kicked it all off, but I think it’s a very exciting development, and it helps to really validate the thesis that we’ve been talking about for over three years at this point.’

Ciampaglia also spoke about the potential impact of the US election, saying that while Republicans have historically been more pro-nuclear than Democrats, the industry is now receiving bipartisan support.

‘Irrespective of who wins, we think nuclear is going to continue to receive support,’ he emphasized.

Watch the interview above for more of his thoughts on uranium supply, demand and prices.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com