Uranium trade resurgence due to global energy demand, tech companies drive growth

From CNBC: 2025-06-14 11:00:00

The uranium trade is seeing a resurgence, with Sprott Asset Management CEO John Ciampaglia noting a shift due to global energy demand, especially from tech companies. Sprott’s Physical Uranium Trust and Uranium Miners ETF have seen significant gains. Ciampaglia believes in uranium’s reliability and low carbon footprint for energy security.

VanEck CEO Jan van Eck emphasizes the need for reliable power, especially for data centers. His firm’s Uranium and Nuclear ETF has also seen strong growth. While there’s potential in the uranium trade, building new nuclear plants takes time. Van Eck sees the Trump administration’s support as a potential catalyst for development, citing Oklo’s recent success with an Air Force deal.

Read more: Uranium as big play due to AI-driven energy demand