Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
Commencement of Henbury Field Program
RCM to Acquire Webbs Consol Silver Project from...
Basin Energy
Epstein estate to hand over ‘birthday book’ to...
Dyan Cannon denied White House entry after lying...
Israel eliminates Houthi prime minister in Yemen airstrike...
Sen. Bernie Sanders calls on RFK Jr. to...
Trump appointee exits US foreign aid agency after...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Justin Huhn: Uranium Summer Slump Paves Way for Fall Price Growth

by admin October 11, 2024
October 11, 2024
Justin Huhn: Uranium Summer Slump Paves Way for Fall Price Growth

Despite starting the year strong with prices trending above US$106 per pound, uranium values have spent much of the last six months contracting.

“I’ve been following this market for about seven, pushing eight years,” Huhn said. ‘At this point, I’ve seen a lot of volatility, some screaming rallies, some extremely difficult to handle pullbacks and terrible sentiment on multiple occasions.’

He continued, “You know, we’ve got one or two of these 30 percent to 50 percent pullbacks every single year since I’ve been following this, and this year was no exception. But I would argue that the sentiment in the sector was worse than I’ve ever seen it this summer, which is extraordinary.”

Although prices have slipped around 20 percent since the January highs, they’ve stabilized above US$80 in early October.

The uranium insider expects prices to start moving higher this month. “The US utilities have a new budget, with the beginning of the fiscal year,’ he explained

Adding to that positive sentiment, Huhn also noted that the long-term outlook for nuclear and uranium demand is very positive, driven by factors like growth in data center electricity demand, support from major banks and tech companies, and policy initiatives from the US Department of Energy.

Watch the interview above for Huhn’s full overview of the uranium market and his expectations for uranium stocks.

Interview by Charlotte McLeod. Article by Georgia Williams.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
GM ditching ‘Ultium’ name for batteries and tech amid EV changes
next post
TSMC Shatters Q3 Estimates with 36.5 Percent Revenue Increase

You may also like

Rob McEwen: Gold to Go “Much Higher,” Mining...

July 19, 2025

Types of Iron Ore: Hematite vs. Magnetite

February 5, 2025

High Grade Gold Intercepts Confirm Kpali Discovery

February 17, 2025

5 Best-performing Copper Stocks on the TSX in...

October 18, 2024

Tech 5: OpenAI Restructures, Apple Pursues AI Search,...

May 11, 2025

SOURCE ROCK ROYALTIES ANNOUNCES RECORD ANNUAL ROYALTY PRODUCTION...

March 10, 2025

Rare Earths Market Update: H1 2024 in Review

August 6, 2024

8 Surgical Robotics Stocks

September 25, 2024

Heritage Mining Announces Fully Allocated Non-Brokered Private Placement

October 15, 2024

Westport Announces Director Retirement

January 13, 2025

Recent Posts

  • Former FBI Director Robert Mueller has Parkinson’s disease: report
  • Earthwise Advertising & Investor Awareness Campaign
  • Commencement of Henbury Field Program
  • RCM to Acquire Webbs Consol Silver Project from Lode Res.
  • Basin Energy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (902)
    • Investing (2,872)
    • Politics (3,525)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.