Justin Huhn – Uranium Macro Market Setup And Recent Bounce In Uranium Stocks
Justin Huhn, Founder and Publisher of the Uranium Insider, joins us to provide a macro update on the uranium sector. We start with the supply and demand factors he is watching mostly focused on the demand side coming from tensions with Russian sanctions, Kazakhstan export challenges, potential Japanese restarts, and Chinese reactor builds. We also take a look at where things are with regards to pricing trends seen this year with the increase in utility companies setting up longer-term contracts, and the complexities behind the different stages of refining and upgrading U308, to UF6, to enriched fabricated uranium fuel.
Next we review if the uranium sector correlates to other energy commodities or other sectors. We wrap up with a look at what stage, both technically and fundamentally, the uranium mining stocks are at currently. After the big run in the uranium mining stocks from 2020 to 2021, the pullback from Nov 2021 – Jan 2022, the rally from late Jan – April of this, and the most recent pullback that appears to have bottomed in early July, we find out if Justin thinks the rally over the last few weeks will be sustainable.