Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump considers tax hike on Americans making $2.5...
GOP senators: Congress should vote on Trump’s potential...
White House highlights over $2B in savings from...
GOP talk on millionaire tax hike ‘makes no...
Trump’s first vice president urges his old boss...
Department of Justice opens criminal investigation into NY...
Trump claims ‘I don’t know her’ and ‘listened...
Rubio just got an additional job in Trump’s...
OpenAI’s Sam Altman thanks Sen John Fetterman for...
Former Supreme Court Justice David Souter dead at...
  • 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

Management’s Discussion and Analysis of Financial Results –...

August 15, 2024

Couloir Capital is Pleased to Announce It Has...

April 16, 2025

CleanTech Lithium PLC Announces CEOL Update

September 28, 2024

Sale of Surplus Plant Commenced

July 30, 2024

Silver Tiger Announces PFS With NPV of US$222M...

November 1, 2024

Source Rock Royalties Confirms Monthly Dividend Record Date...

February 8, 2025

Major 50% Upgrade Boosts Lo Herma Uranium Resource...

December 12, 2024

As Part of Its New Development Strategy, Cartier...

February 15, 2025

How to Invest in Natural Gas: Stocks, ETFs...

March 18, 2025

Tartana receives $275k Beefwood Copper Gold CEI Grant

April 15, 2025

Recent Posts

  • Trump considers tax hike on Americans making $2.5 million or more per year
  • GOP senators: Congress should vote on Trump’s potential Iran nuclear deal
  • White House highlights over $2B in savings from DEI cuts during Trump administration’s first 100 days
  • GOP talk on millionaire tax hike ‘makes no sense,’ Trump White House alum says
  • Trump’s first vice president urges his old boss against raising taxes on wealthy Americans

    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 (712)
    • Investing (2,058)
    • Politics (2,553)
    • 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.