Uranium and shares in companies that mine it have enjoyed a scorching rally on soaring demand.
Nuclear energy is back in fashion as more reactors are planned amid a shift away from fossil fuels.
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A blistering bull run is underway in the market for uranium, the radioactive element used to produce nuclear energy.
The widening demand-supply gap will continue to drive uranium prices higher, according to John Ciampaglia, CEO of Sprott Asset Management, which specializes in precious metals and real assets.
Persons:
—, John Ciampaglia, Ciampaglia, Rohan Reddy
Organizations:
Service, Uranium Miners, Crux, Sprott Asset Management, CNBC, Global
Locations:
China, India, Russia, Japan