All of this could drive electrification efforts into higher gear and sustain demand for critical minerals, uranium and gold, said Sprott, which manages some $34 billion in assets.
Self-reliance and reduced foreign dependence will be key trends in the energy sector this year as countries further decouple and populist and nationalist ideologies come to the fore. This could augment rivalries over critical resources, with resource nationalism driving energy policy.
Prices of commodities tied to critical energy materials such as uranium, copper and silver are already outperforming those commodities affected most by China’s economic policies such as iron ore and metallurgical coal, and this trend is likely to persist in 2025, Sprott said.
EVs thwarted
President Donald Trump’s intention to roll back policies supportive of electric vehicles and renewables has introduced uncertainty and could include eliminating a…
