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This interview was filmed on April 19, 2022.
Uranium prices faced headwinds last week, falling below US$60 per pound, but Justin Huhn of Uranium Insider believes the market still has plenty of room to run.
“From a retail investor perspective, it’s easy to look at the weekly charts of some of the uranium stocks and be like, ‘Oh my gosh, we’re up so much in the past three years, this rally has got to be close to over,'” he told the Investing News Network.
“And then you talk to somebody like John (Ciampaglia) at Sprott, and he’s telling you, ‘Yeah, the big money can’t even position yet because the market’s not large enough — and they will when it (is).”
#Investing #Mining #Uranium
0:00 – Intro
0:20 – Russia’s key role in the nuclear fuel cycle
4:06 – War accelerating shift to nationalism
7:04 – Countries ramping up uranium efforts
11:12 – Sprott trust has become the spot market
15:53 – Lots of room for term contracting to run
19:53 – U3O8 price spikes look inevitable
25:26 – Justin’s approach go uranium equities
30:51 – Big money still on the sidelines
32:25 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
