Chief Executive Officer, Sprott Asset Management and Per Jander, Nuclear, Renewables and Battery Materials at WMC Energy B.V. discuss the state of nuclear energy, what’s driving demand for uranium, and the clean energy transition.
The rising need for clean and efficient energy sources, global de-carbonization goals, and a pro-longed supply and demand imbalance has created a bull market for Uranium, the heavy metal element behind nuclear energy. In 2021, spot uranium purchases reached a record high, which is a trend that is expected to continue and further exasperate supply and demand imbalances, says Ciampaglia.
Today, nuclear energy is one of the most safe, reliable, and clean sources of energy on the market and serves about 10% of the worlds electricity needs. This figure is expected to rise as more countries around the world look to nuclear energy to achieve lower carbon emissions and to help solve for traditional energy inefficiencies.
The Sprott Physical Uranium Trust, an exchange-traded product launched in July 2021, uniquely delivers a cost-effective, liquid, and secure way to invest in Uranium.
Sprott Asset Management, roughly $18.6B in AUM, is a global leader in precious metals and real assets investments. Sprott manages a number of investment solutions including exchange traded physical bullion and commodity trusts, gold mining equity ETFs, mutual funds and lending solutions.
To learn more, register & watch Sprott’s webcast – Uranium & 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. In this webcast we will discuss:
- How government policies are shifting in favor of nuclear energy
- Why nuclear energy is the ideal complement to renewable energy sources
- Why a growing number of investors are investing in physical uranium and uranium miners
- Will a higher price of uranium act as the catalyst to address the structural supply deficit