In this episode of the Uranium Market Minute, Justin Huhn reviews the uranium market's performance in 2025, highlighting the volatility caused by the new Trump administration and tariffs, which led to a decline in spot prices. Despite this, the dynamic model portfolio is up 70% for the year. He discusses long-term contracted volumes, secondary demand from financial entities, and the impact of life extensions for 48 reactors, which added 300 million pounds of uranium demand. Justin notes the limited increase in uranium production and delays in new mine developments. He emphasizes the necessity of higher uranium prices to incentivize supply and meet growing demand, driven by nuclear capacity growth, sovereign stockpiling, and increasing electricity demand, particularly from AI data centers. He anticipates increased utility engagement and highlights the uniqueness of the current market compared to past price spikes, expecting an exciting 2026 for uranium. He also thanks listeners for their support and promotes a special New Year offer for email subscribers.
Sign in to continue reading, translating and more.
Continue
