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Sprott Asset Management anticipates "new money" in the energy transition materials markets

--News Direct--

Sprott Asset Management (TSX:SII) CEO John Ciampaglia speaks to Thomas Warner from Proactive to discuss the trends he's been observing in in the world of energy transition materials. Ciampaglia helped launch the Sprott Energy Transition Materials UCITS ETF (SETM) on the HANetf platform back in March, with a view to allowing people to invest in the companies working to deliver the minerals and metals necessary for the energy transition.

He starts by sharing his thoughts on what was recently referred to in the fund's monthly report as a US commodity supercycle. He emphasises that this cycle, which appears to have begun two years ago, is different from previous ones, being driven by a transition away from fossil fuels. This shift would lead to larger investments in energy transition materials, such as uranium for nuclear power, silver for solar panels, and various minerals used in electric vehicles like lithium, manganese, graphite, cobalt, and nickel. He highlights uranium's standout performance this year due to a supply deficit and increased interest in nuclear energy to meet Net Zero targets.

On the other hand, lithium remained promising but has lacked the explosive growth in outright prices seen in some other commodities. Ciampaglia also highlighted copper's significance as a backbone for the energy transition and electrification push, and says that finding new copper sources will require substantial global investment. He concludes by saying that "we think investors as they get back to work in September are really going to be looking for new opportunities and hopefully putting some new money to work."

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/sprott-asset-management-anticipates-new-money-in-the-energy-transition-materials-markets-560166410

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