Uranium

We wrote a piece on uranium in our Portfolio Positioning report on the 27^th of March, with one of the key takeaways summing up our medium/long-term outlook on the sector:

• Despite prices rallying strongly, signs continue to point to a multi-year tailwind for prices.

However, this is a volatile space, an almost trading space, and MM is comfortable adopting a “buy on weakness, sell on strength” approach with a definite bullish bias over the coming years.