Insights

Despite recent weakness in uranium equities, the sector's underlying fundamentals continue to strengthen. Rising long-term uranium prices, improving policy support and persistent supply constraints reinforce the long-term investment case as governments increasingly turn to nuclear power to meet energy security, electrification and decarbonization objectives.

As confidence in the U.S. dollar-based monetary system gradually erodes and central banks seek to further diversify their reserves, gold stands to benefit from its unique position as a neutral, highly liquid monetary asset. Wong explains why market-driven gold selloffs during periods of stress often reflect liquidity needs rather than weakening fundamentals, supporting the broader long-term bullish case for gold.

Rare earth elements are becoming a cornerstone of national security. As Western nations work to reduce reliance on China, these critical materials are helping power the next generation of fighter jets, drones, missiles, radar systems and satellite communications. Even the F-35 depends on multiple rare earths to deliver its advanced capabilities.

Markets are changing and policy is becoming just as important as price in shaping the outlook for critical materials. In this edition of Metals in Motion, Sprott's Justin Tolman explains how government intervention, supply chain security and market volatility are creating new opportunities across metals and mining, while highlighting what investors should watch in the second half of 2026.

Rare earths are at the center of a global power struggle. In this episode, Canaccord Genuity mining analyst Reg Spencer unpacks the widening gap between explosive demand—from EVs to robotics—and a supply chain tightly controlled by China. He joins host Ed Coyne to explore how the U.S. and its allies are racing to build new supply and what that could mean for investors.

As nations race to secure critical metals, macro and geopolitical forces are reshaping the outlook. In this mid-year webcast, Ryan McIntyre, Paul Wong and Ed Coyne break down the key drivers across gold, silver, copper, uranium and more, and what they may mean for markets and investment opportunities in the second half of 2026.

As electricity demand accelerates and energy security becomes a global priority, lithium is emerging as a foundational material for modern power infrastructure. While electric vehicles remain an important source of demand, the rapid growth of battery energy storage systems (BESS) and data centers is creating new, long-term drivers for lithium consumption.

From geopolitical tensions to ambitious nuclear expansion plans, the world is rapidly reassessing its energy future. In this episode of Metals in Motion, John Ciampaglia, CEO of Sprott Asset Management, explores why uranium has become a strategic asset and whether supply can keep pace with growing demand. 

Gold is reasserting its role as a strategic store of value, supported by persistent central bank buying and the growing appeal of hard assets amid currency debasement risks. Silver’s deepening structural deficit highlights tightening physical supply across the precious metals complex, reinforcing the broader case for scarce real assets in a shifting monetary regime.

Copper is powering the technologies shaping the future, from AI data centers and electrification to renewable energy and defense. Watch as Sprott ETF expert Steve Schoffstall explains why rising demand, constrained supply and long mine development timelines could create compelling opportunities for copper investors.

Hidden inside the technologies that define modern life lies a group of minerals few people understand but no nation can afford to ignore. This educational video explores the growing global competition for rare earths and why securing these essential materials may shape the next generation of economic and military power.

Rare earth elements are a group of 17 minerals essential to powering today’s most critical industries—from AI and data centers to defense systems and clean energy—yet their supply chain remains heavily concentrated in China. Sprott’s Jacob White, CFA, joins Bloor Street Capital’s Jimmy Connor to discuss the growing global push to diversify rare earth supply and to introduce the Sprott Rare Earths Ex-China ETF (REXC), which is designed to give investors targeted exposure to rare earth companies outside of China.

In this webcast replay, Steve Schoffstall of Sprott and Sara Marshall of Nasdaq analyze how intensifying energy security and defense priorities are driving changes across critical materials markets. Their discussion highlights key demand trends in uranium, copper and rare earths, along with the opportunities and volatility shaping the investment landscape.

Gold is reasserting itself as the world’s preferred neutral reserve asset amid eroding confidence in the U.S. dollar system, supported by strong central bank buying and rising geopolitical fragmentation. Silver is evolving beyond a cyclical industrial metal into a strategic energy security asset, with demand increasingly tied to solar, storage and resilient infrastructure investment.

Copper’s strong April rebound highlights its resilience. The growing demand for electrification and energy security is colliding with tightening supply, and geopolitical turmoil is disrupting supply chains. This shift reinforces copper’s role as a strategic asset and supports a constructive outlook for both physical copper and copper mining equities. 

In this webcast, Steve Schoffstall, Managing Partner and Head of ETFs at Sprott, explores ways investors can access a selection of global securities in the rare earths industry, including mining, separation, refining and production. Jillian DelSignore, Global Head of Investor Distribution & Insights at Nasdaq, discusses the latest research topics on rare-earth equities.

In this episode of Metals in Motion, Steve Schoffstall examines rare earths, highlighting supply-demand imbalances, China’s dominance and the global push to build new supply chains. He explains why these materials are emerging as strategic assets across national security, energy transition and advanced technology and introduces the Sprott Rare Earths Ex-China ETF (REXC). 

Rare earth elements play a critical role across technology, defense and global energy. In this interview with Asset TV, Steve Schoffstall, Managing Partner and Head of ETFs at Sprott, discusses the importance of rare earths, the implications of China’s dominance in the supply chain and how the Sprott Rare Earths Ex‑China ETF (REXC) is designed to provide targeted exposure to the sector.

Rare earths have become a geopolitical priority—critical to defense, technology and energy—yet their supply chain remains heavily dominated by China, driving urgent demand for ex-China sources. As global investment accelerates to secure independent supply chains, producers outside China are positioned for structural growth. The Sprott Rare Earths Ex-China ETF (REXC) offers targeted exposure to this emerging opportunity at the center of a global realignment.

At the recent ETF.com Awards, Sprott's Ed Coyne spoke with Sumit Roy of ETF.com about the rising interest in metals investing and SLVR, the firm’s award-winning commodities ETF, as well as its broader lineup of metals-focused strategies.

The closure of the Strait of Hormuz has turned geopolitical tensions into a global energy shock, driving inflation fears and forced selling across markets, including gold. Gold’s March drop reflects a liquidity crunch, not a breakdown in its long-term role. As financial stress builds, gold is likely to reassert itself as a key monetary anchor.

Rising geopolitical risk, energy insecurity and record defense spending are reshaping demand for critical materials and precious metals. In this episode of Metals in Motion, Steve Schoffstall breaks down what today’s market volatility means and why long-term fundamentals for uranium, copper, rare earths, gold and silver remain compelling.

John Ciampaglia, CEO of Sprott Asset Management, breaks down why tightening uranium supply, surging global demand from countries like India and China, and renewed nuclear policy support could set the stage for a major move in uranium prices. Ciampaglia joins Jimmy Connor of Bloor Street Capital for a lively discussion on the positive prospects for uranium markets and nuclear power. 

Powerful forces are shaping what could come next for uranium markets. Per Jander of WMC joins Jimmy Connor of Bloor Street Capital to offer his front-line view of shifting uranium supply dynamics, resilient pricing and why “boring” may actually signal strength in today’s volatile markets. Jander explores where uranium may be headed and shares why he remains bullish.

Gold’s sharp March sell-off isn’t a failure of its safe-haven role. It’s the result of a global liquidity crunch that forced investors to sell what they could, not what they believed in. As reserve flows stall and deleveraging runs its course, the same pressures dragging gold down today may be quietly setting the stage for its next rally.

It's time to think differently about "Dr. Copper." Steve Schoffstall joins Asset TV's ETF Editor-in-Chief Kristen Myers to discuss how copper's role is shifting from a construction material to a critical enabler of AI, electrification, and the modern economy. See how supply constraints, policy pressures and geopolitics could shape what comes next.

Gold and silver reached record highs in February amid volatility as markets adjust to a new monetary regime defined by persistent central bank liquidity and rising geopolitical fragmentation. Structural constraints on the Federal Reserve, growing sovereign debt and continued central bank buying—particularly from China—reinforce gold’s role as a strategic store of value. 

Lithium has surged back into the spotlight, with prices rising more than 125% over the past year as demand broadens beyond electric vehicles and governments begin treating the metal as a strategic resource. With supply disruptions, new policy tools and explosive growth in grid-scale energy storage, lithium is increasingly being repriced not just as a commodity, but as critical infrastructure.

In this webcast, Steve Schoffstall, Managing Partner and Head of ETFs at Sprott, discusses copper’s evolution from a traditional construction metal to a critical enabler of AI, data centers, electrification and modern infrastructure. He examines the supply-demand forces driving prices higher and what copper’s growing strategic role may mean for portfolios.

Copper is breaking free from its old “Dr. Copper” reputation as strategic demand from electrification, AI infrastructure and defense drives prices and mining stocks toward record highs. With copper supply tight and demand increasingly mission-critical, the metal is being repriced as essential infrastructure.

Critical materials are being repriced as strategic assets in a new commodity supercycle driven by deglobalization, fiscal dominance and energy security, not traditional cyclical demand. As global investment pivots toward electrification and secure supply chains, SETM and METL provide targeted exposure to the companies positioned at the center of this structural shift.

Uranium is reemerging as a strategic energy asset as AI, data centers and energy security reshape global electricity demand. In this episode of Metals in Motion, Sprott Asset Management CEO John Ciampaglia explains why tight supply, government action, production incentivization and new reactor technology could drive a long-term bull case for nuclear fuel.

Maria Smirnova, Sprott Chief Investment Officer, joins James Connor of Bloor Street Capital to discuss Sprott's outlook on silver. Smirnova views recent gold and silver volatility as a healthy correction in a bull market, driven by strong fundamentals like supply deficits and rising global demand rather than speculative excess. Smirnova outlines Sprott’s long-term, disciplined approach and stresses patience and conviction.

For nearly three decades, Justin Tolman has chased discovery across more than 40 countries, applying boots-on-the-ground geology to transform mineral potential into economic value. Discover how a “renaissance geologist” transforms field insight into differentiated investment intelligence in a world where demand for precious metals and critical minerals is only accelerating.

Steve Schoffstall joins Nasdaq’s Just for Funds to discuss silver in 2026 after its record-setting rise in 2025. The conversation highlights why investors are gravitating to Sprott Silver Miners and Physical Silver ETF (SLVR), which offers a pure-play silver mining strategy combined with physical silver exposure, positioning it as both a diversification tool and a growth-oriented allocation.

Gold and silver surged to record highs in January before experiencing technically driven sell-offs. Geopolitical fragmentation, capital conflict and eroding confidence in fiat systems is reshaping what investors consider truly safe. In this emerging monetary regime, gold and silver are asserting their roles as neutral, "outside money" with strong long-term drivers.

As global markets adjust to deglobalization and fiscal dominance, capital is flowing decisively into gold, silver, uranium, copper, rare earths and other critical materials. In this webcast, we break down what’s driving these moves and share our perspective on the most compelling opportunities for the year ahead.

Uranium enters 2026 with renewed momentum as spot prices move back above $100/lb, mining equities reprice materially, and utility demand re-emerges following prolonged under-contracting. Strengthening U.S. policy support and tightening supply conditions reinforce the case for higher incentive pricing and potential upside across physical uranium and mining equities.

Copper prices have surged to record highs, driven by unprecedented demand from AI data centers, electrification, and grid expansion. In this episode of Metals in Motion, Sprott’s Steve Schoffstall explains why copper’s rally is fundamentally backed, why supply constraints are likely to persist for decades, and how investors can think strategically about copper exposure amid tariffs and market fragmentation.

Copper’s record run is being driven by tightening supply, strategic demand and rising policy risk, setting up a strong outlook for 2026. Major disruptions and collapsing treatment charges highlight a market firmly in deficit. With AI growth, defense spending and grid modernization accelerating demand, we believe copper and related equities remain well supported.

What are the 10 most important themes impacting global markets in 2026? We explore issues from deglobalization and fiscal dominance to the surge in gold, silver and critical materials, and provide our view of where opportunities and risks may be emerging.