New Investment Fund Increases Possibility of Uranium Bull Run
The Sprott Physical Uranium Trust has been buying the metal on the spot market since August, which signals the start of a bull run for uranium. At the moment, Sprott holds more than 23 million pounds of uranium, which equates to roughly 14% of international reactor consumption. This move to amass huge amounts of the metal brings the potential bull market period a few years closer to now. Uranium is popularly used by nuclear plants for nuclear fission, and while it can be found in various parts of the globe, it is considered a nonrenewable energy source. Nuclear plants use…