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Uranium could hit US$80/lb by year-end, says Canaccord

The uranium spot price will continue to rise over the coming weeks, peaking as high as US$80/lb by year-end as Sprott continues to hoover up volumes for its physical uranium fund, investment bank Canaccord Genuity said in a note on Wednesday.

Tom Hoskyns
Uranium could hit US$80/lb by year-end, says Canaccord

According to Canaccord's calculations, Sprott still has US$889 million available for uranium purchases out of a total facility of $1.3 billion. Sprott has bought an average of 2.3Mlbs per week since...

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