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Sprott ETF Product Management Director Steven Schoffstall Explains Why Uranium Prices Are Soaring This Year And How Investors Can Trade The Rally

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–News Direct–

By Rachael Green, Benzinga

As nuclear energy surges back into the limelight, promising a smoother transition away from fossil fuels, long-stagnant uranium markets have been booming. The once-obscure commodity is increasingly gaining the attention of investors looking for a new way to trade the clean energy transition. To learn more about uranium and what investors new to the space need to know, Benzinga sat down with the Director of ETF Product Management at Sprott Asset Management, Steven Schoffstall.

Uranium prices have soared this year, outperforming other metals. Can you talk about why this is happening now and where you see uranium prices headed going forward?

There are a couple of things that are at play here. Year-to-date through the last couple of days or so, [physical uranium] is up about 55%. Uranium tends to be much less sensitive to shorter-term economic noise. So when we see slow-down discussions about what's going on with the Chinese economy, that tends to affect other commodities more than what we see flow over into uranium.

There is a really strong case for uranium and the future growth of the price as well as the sector going forward. If you were to look back at uranium prices about five or six years ago, they were somewhere around $20 a pound. Now, we're sitting closer to $74 or $75 per pound.

The incentive price is really important to look at when we look at uranium. That is the price at which producers can produce uranium and still turn a profit. That's currently around the $75 to $80 range. That would suggest that, at least in the short term, there is some additional room for the price of uranium to move.

When you look over the longer term, there is a severe supply-demand imbalance that we see developing. If you go out to 2040 or so, you see about a cumulative 1.5-billion-pound shortfall in the supply of uranium. So, we think over the longer term, that's going to be conducive to much higher prices in uranium.

As demand for uranium increases, what is the outlook on the supply side? What should investors be watching here?

I mentioned the longer-term supply shortfall that we're expecting. What it's really going to take to get us there is to get more mines up and running. There are a couple of things that really impact that.

One would be the permitting process. To go from finding a mine or developing a site that hasn't previously been mined, it can take 10 to 15 years or longer. That's something that we would expect to see get shortened as we see governments start to sign on to nuclear energy and uranium as the answer to the energy transition.

We have a number of mines that were set on care and maintenance because incentive prices werent quite there for them to remain operational. So we need to see some increases in the price of uranium to incentivize those companies to get those mines up and running again.

The third leg of this stool is bringing the supply of uranium to Western countries. Kazatomprom, in Kazakhstan, is the world's largest producer of uranium. Given its proximity to Russia and the route in which it gets uranium to market, it would be great to diversify that part of the supply chain.

We do see companies like Cameco, based out of Canada, with very substantial operations that are bringing a lot of uranium to market. But its not going to be smooth sailing. Cameco announced an expected uranium production shortfall relative to its guidance for the rest of this year, which has driven prices higher.

Something that we see with any commodity is the potential for supply disruptions. Whether it's logistically, from a labor standpoint or from a permitting standpoint, we would need to see improvement in those areas in order for us to be able to limit the impact on prices as we see the supply and demand gap widening for the next one to two decades.

For investors who are new to the space, what unique risks should they be aware of in the uranium market?

The biggest one is probably geopolitical. The Russia-Ukraine war is ongoing and leading to energy security considerations. The coup in Niger, which produces about 5% of the worlds uranium could also impact supply.

Thinking more from an equity risk profile, these names tend to be smaller cap names. In our uranium miners ETF (NYSE: URNM), the total market cap of the entire index is less than $40 billion. So, its a much smaller segment that starts to introduce those risks that investors might not necessarily see if they're investing in larger companies like those in the S&P 500.

What are some upcoming catalysts and market movers in the uranium market youre watching as we head into 2024?

For us, it's really about the price action that we're seeing on the physical side. That's going to be driving how much more uranium is coming on to market. What the miners are able to produce profitably and how quickly they are able to get the mines up and running, that's something that we're seeing as a tailwind for the price of uranium.

On the energy transition side, on a global scale, [uranium] is a metal that is being looked at more and more to provide the solution to the energy transition.

The International Energy Agency recently came out with a new report projecting that fossil fuel usage, particularly oil and natural gas, may peak by about 2030. We will see somewhat of a dip over the next decade or two, but they will still be heavily used. At the same time, we will see a 76% increase in electricity demand on a global basis when you're looking at 2050 relative to 2021.

Solar and wind have traditionally been the main ways of generating cleaner energy. But we are starting to see countries really warm up to the uranium story and nuclear energy.

One piece that really demonstrates that is, if you look on a global scale, there are about 435 reactors that are currently up and running, mostly in the United States. But we're starting to see a lot of interest from Asia, particularly from China, in increasing their reliance on nuclear energy.

Over the next decade or so, there are another 170 reactors that are either already under construction or planned for construction. That's about a 30% to 35% increase in nuclear reactors, which is also going to be driving the opportunity in the coming years.

The uranium market can be a bit opaque and hard to access for retail investors. How can they best gain exposure to this market?

We have three different ways to provide investors access to the uranium market. Our first option is the Sprott Physical Uranium Trust, a $4.5 billion fund that invests in and stores physical uranium. That's available [on the OTC market] in the United States under the ticker SRUUF.

We also have the Sprott Uranium Miners ETF (NYSE: URNM). That's an all-cap exposure to uranium miners that also includes about a 15% to 17% allocation to physical uranium. Most recently, we launched the Sprott Junior Uranium Miners ETF (NASDAQ: URNJ) back in February of this year. That ETF is for those who want to access the smaller-cap names in the uranium universe.

When we develop our strategies, whether it's uranium or broader energy transition funds, one thing we really focus on is pure-play companies that are upstream in the supply chain. In our view, the closer we can get to the source of bringing these critical minerals out of the ground, the better.

Its a potentially better investment opportunity because we're moving away from the downstream companies. If companies are involved in building the nuclear reactors or building components that are going to be used in nuclear reactors, there could be cost overruns and a lot of logistical issues and delays. Being upstream allows us to stay away from that because there is a certain baseline of uranium that is necessary to keep not only the reactors that we have now up and running but also to meet that future growth.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/sprott-etf-product-management-director-steven-schoffstall-explains-why-uranium-prices-are-soaring-this-year-and-how-investors-can-trade-the-rally-100077765

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QuickBooks File Repair: Ensuring Data Integrity and Business Continuity

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Brandon, MB, 25th May 2024, ZEX PR WIRE, QuickBooks stands as a cornerstone of financial management for countless businesses, offering streamlined processes and robust features to facilitate efficient accounting. However, like any software, QuickBooks files can occasionally encounter issues that jeopardize data integrity. QuickBooks file repair emerges as a critical solution in preserving the integrity of financial data and ensuring seamless business operations. 

QuickBooks file repair involves diagnosing and resolving issues within QuickBooks company files to restore functionality and data integrity. These issues may range from data corruption and file errors to performance issues and compatibility issues with the software.

QuickBooks file repair ensures that your financial data remains accurate and consistent. By resolving data corruption and file errors promptly, businesses can prevent discrepancies in financial reporting and maintain the integrity of their records. QuickBooks serves as a central hub for financial transactions, payroll processing, invoicing, and more. Any disruption to QuickBooks functionality can disrupt business operations and hinder productivity. QuickBooks file repair helps mitigate downtime by swiftly resolving issues and restoring normal operations.

Many businesses are subject to regulatory requirements governing financial record-keeping and reporting. Ensuring the integrity of QuickBooks files through regular repair and maintenance helps businesses comply with these regulations and avoid potential penalties or legal consequences. Data loss can have devastating consequences for businesses, leading to financial losses, compliance violations, and reputational damage. QuickBooks file repair helps prevent data loss by identifying and resolving issues before they escalate, safeguarding critical financial information.

Addressing issues with QuickBooks files early can prevent more significant problems down the line, potentially saving businesses time and money. Proactive file repair helps minimize the risk of costly data recovery efforts or the need to recreate lost or corrupted data.

QuickBooks file repair plays a crucial role in preserving the integrity of financial data, ensuring business continuity, and complying with regulatory requirements. By addressing issues promptly and proactively maintaining QuickBooks files, businesses can safeguard their financial records, minimize downtime, and optimize the efficiency of their accounting processes. Investing in QuickBooks file repair is an essential step in protecting your business’s financial health and maintaining peace of mind.

https://quickbooksrepairpro.com/quickbooks-data-recovery.aspx

About QuickBooks Repair Pro

QuickBooksRepairpro.com is a leading QuickBooks File Repair and Data Recovery, QuickBooks Conversion, QuickBooks Mac Repair, and QuickBooks SDK programming services provider in North America, serving thousands of business users all over the world. With over 20 years of experience with Intuit QuickBooks, QuickBooksRepairpro.com assists QuickBooks users and small businesses with a variety of services and work with the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For more information, visit https://quickbooksrepairpro.com/

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SuperCondensing your QuickBooks files enables smoother operation of the software, reduces downtime, and enhances productivity for users

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Brandon, MB, 25th May 2024, ZEX PR WIRE, QuickBooks SuperCondense emerges as a valuable solution, offering a streamlined approach to file optimization and data management. 

QuickBooks SuperCondense is a specialized service designed to optimize and reduce the size of QuickBooks company files while preserving essential data integrity. Unlike standard file condensing methods, which simply remove transaction history beyond a certain date, QuickBooks SuperCondense employs advanced techniques to selectively remove redundant data and optimize file structures, resulting in significantly reduced file sizes without compromising data accuracy.

SuperCondensing your QuickBooks files can dramatically improve performance by reducing file size and optimizing data structures. This leads to faster load times, smoother navigation, and improved overall responsiveness of the QuickBooks software. With smaller file sizes and optimized data structures, QuickBooks SuperCondense enables more efficient data processing and reporting. Tasks such as generating reports, running queries, and performing data analysis become quicker and more streamlined, enhancing productivity for users.

Large QuickBooks files can sometimes lead to software crashes, freezing, or other performance issues, resulting in downtime for users. SuperCondensing your QuickBooks files helps minimize these disruptions, ensuring uninterrupted access to critical financial data and minimizing productivity losses. Managing large QuickBooks files can be cumbersome and time-consuming, particularly when it comes to backups, file transfers, and data storage. SuperCondensing your QuickBooks files reduces file size, making data management tasks more manageable and less resource-intensive.

By optimizing your QuickBooks files with SuperCondense, you can potentially save on storage costs associated with maintaining large file sizes. Additionally, improved performance and efficiency translate into time savings for users, leading to increased productivity and cost savings in the long run.

A thorough analysis of your QuickBooks file is conducted to identify areas of optimization and determine the potential benefits of SuperCondensing. Data from your existing QuickBooks file is extracted and analyzed to identify redundant or unnecessary information. Redundant data is selectively removed, and file structures are optimized to reduce file size while preserving essential data integrity.

The SuperCondensed QuickBooks file undergoes rigorous testing and verification to ensure that data accuracy is maintained throughout the optimization process. Once the SuperCondensing process is complete, you receive the optimized QuickBooks file ready for use, with significantly reduced file size and improved performance.

QuickBooks SuperCondense offers businesses a powerful solution for optimizing QuickBooks company files, improving performance, enhancing efficiency, and simplifying data management. By reducing file size while preserving data integrity, SuperCondensing your QuickBooks files enables smoother operation of the software, reduces downtime, and enhances productivity for users. Investing in QuickBooks SuperCondense is a proactive step towards optimizing your financial management processes and maximizing the value of your QuickBooks software.

Visit https://e-tech.ca/Quickbooks-Super-Condense-Service.aspx to learn more about the process. 

About E-Tech

Founded in 2001, E-Tech is the leading file repair, data recovery, and data conversion services provider in the United States and Canada. The company works to stay up to date on the latest technology news, reviews, and more for their customers.

For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at [email protected]

To learn more about the company, visit: www.e-tech.ca

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100,000 Patients Place Their Trust in PlacidWay Medical Tourism in 2024

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In a remarkable achievement reflecting the growing trend of medical tourism, PlacidWay, the leading platform in the industry, proudly announces a significant milestone: 100,000 patient referrals in 2024. This surge in demand not only highlights the increasing confidence in seeking medical solutions beyond national borders but also underscores the pivotal role PlacidWay plays in facilitating global healthcare access. 

Central to our success is the robust network of PlacidWay, comprising over 1,500 medical providers across more than 50 countries worldwide. From prestigious JCI-certified hospitals to specialized clinics with international accreditations and staffed by highly skilled medical professionals, our network is unparalleled in its breadth and depth. 

The synergy between PlacidWay and our network of medical providers is instrumental in meeting the diverse needs and expectations of patients. Through the PlacidWay platform, providers can showcase their services, engage directly with prospective patients, and offer virtual consultations, ensuring a seamless and transparent medical journey. 

Pramod Goel, CEO and Founder of PlacidWay Medical Tourism, reflects on this achievement with profound gratitude, stating, “As we celebrate this milestone, we are deeply moved by the trust and confidence patients worldwide have bestowed upon us. Our mission has always been to dismantle barriers to healthcare access and to instill hope and healing across borders. Each patient inquiry symbolizes a narrative, a journey, and a life influenced by our collective endeavors. In partnership with our dedicated network of medical providers, we reaffirm our unwavering commitment to delivering excellence in global healthcare and empowering patients to make informed decisions about their well-being.” 

This patient-centric approach, fortified by a global network of trusted medical partners, has been pivotal in driving PlacidWay’s success in garnering 100,000 patient referrals in 2024. Patients place their trust in us, recognizing the quality and diversity of medical options available through our platform and the assurance of being cared for by proficient medical professionals worldwide. 

Notably, these inquiries encompass a wide spectrum of medical procedures, ranging from dental and aesthetic treatments to complex surgeries, oncological interventions, and intricate neurological procedures. This expansive array of medical services underscores our commitment to catering to diverse healthcare needs with unwavering standards of excellence. 

As medical tourism continues to emerge as a viable solution for individuals seeking international medical care, the collaborative efforts between PlacidWay and our global network of medical providers stand as a beacon of hope, promising enhanced access to premium healthcare services worldwide. This milestone achievement is a testament to the transformative potential of medical tourism in reshaping the global healthcare landscape for the better. 

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Company name: PlacidWay Medical Tourism

Contact name: PlacidWay Team

Email: [email protected]

Website:https://www.placidway.com/

Country: US

Phone: +1.888.296.6664

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