{"id":10941,"date":"2024-10-11T01:50:20","date_gmt":"2024-10-11T01:50:20","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/11\/justin-huhn-uranium-summer-slump-paves-way-for-fall-price-growth\/"},"modified":"2024-10-11T01:50:20","modified_gmt":"2024-10-11T01:50:20","slug":"justin-huhn-uranium-summer-slump-paves-way-for-fall-price-growth","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/10\/11\/justin-huhn-uranium-summer-slump-paves-way-for-fall-price-growth\/","title":{"rendered":"Justin Huhn: Uranium Summer Slump Paves Way for Fall Price Growth"},"content":{"rendered":"<p><strong>Despite starting the year strong with prices trending above US$106 per pound, uranium values have spent much of the last six months contracting.<\/strong><\/p>\n<p>\u201cI\u2019ve been following this market for about seven, pushing eight years,\u201d Huhn said. \u2018At this point, I\u2019ve seen a lot of volatility, some screaming rallies, some extremely difficult to handle pullbacks and terrible sentiment on multiple occasions.\u2019<\/p>\n<p>He continued, \u201cYou know, we\u2019ve got one or two of these 30 percent to 50 percent pullbacks every single year since I\u2019ve been following this, and this year was no exception. But I would argue that the sentiment in the sector was worse than I\u2019ve ever seen it this summer, which is extraordinary.\u201d<\/p>\n<p>Although prices have slipped around 20 percent since the January highs, they\u2019ve stabilized above US$80 in early October. <\/p>\n<p>The uranium insider expects prices to start moving higher this month. \u201cThe US utilities have a new budget, with the beginning of the fiscal year,\u2019 he explained<\/p>\n<p>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.<\/p>\n<p>Watch the interview above for Huhn\u2019s full overview of the uranium market and his expectations for uranium stocks.<\/p>\n<p><em><em>Interview by Charlotte McLeod. <\/em><em>Article by Georgia Williams.<\/em><\/em><\/p>\n<p><strong>Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<p><strong><strong>Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite starting the year strong with prices trending above US$106 per pound, uranium values have spent much of the last six months contracting. \u201cI\u2019ve been following this market for about seven, pushing eight years,\u201d Huhn said. \u2018At this point, I\u2019ve seen a lot of volatility, some screaming rallies, some extremely difficult to handle pullbacks and [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":10942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-10941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=10941"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/10941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/10942"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=10941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=10941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=10941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}