Stop Buying Gold: Uranium Has Way More Upside

The podcast centers on the uranium market's supply and demand dynamics, with Rick Rule and Justin Huhn offering their perspectives. They highlight the structural strength of the uranium market, noting Sprott's significant holdings and the illiquidity of the spot market. The discussion emphasizes the potential for renewed nuclear focus in East Asia due to geopolitical tensions, particularly concerning the Straits of Hormuz. The limited supply response to rising uranium prices and the challenges faced by major producers like Cameco and KazAtomProm are also addressed. Both Rule and Huhn anticipate increased stockpiling of uranium by countries seeking energy security, with utilities already stepping up term market activity. The conversation further explores the nuances of the spot versus term markets, highlighting Cameco's influence on contract terms and the potential for supply disruptions.