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Uranium stocks may catch up as uranium prices hit an 18-year high
Sprott Asset Management points to AI and data center driven power demand, plus government support for reactors and fuel supply, as key tailwinds for the uranium market.
Sprott Asset Management argues that uranium mining equities have lagged even as the underlying uranium market strengthens, citing a long-term uranium price at an 18 year high, according to an interview on Yahoo Finance.
Jacob White said surging electricity demand tied to AI and data centers is reinforcing the investment case for nuclear power, while energy security concerns are pushing governments toward backing new reactors, extending plant operating lives, and supporting fuel supply.
White also highlighted utility contracting as a potential next catalyst for uranium prices after more than a decade of underbuying, suggesting the valuation gap between uranium equities and market fundamentals may narrow over time.