Going Nuclear with Justin Huhn and Trevor Hall

Why Kuppy Believes this Uranium Cycle Will Go Higher than He Originally Expected

Jan 28, 2024

Kuppy, CIO of Praetorian Capital and author of Kuppy’s Korner blog, is renowned for his sharp insights into uranium market trends. He shares the fundamental shifts that spurred uranium prices from $18 to $106 per pound, asserting that the move could go even higher but warns of volatility along the way. Kuppy contrasts speculative excitement with the realities of supply chains and urges utilities to act swiftly. He also clarifies how rising prices affect energy budgets, emphasizing that fluctuations are part of the natural market dynamics.

39:51

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Kuppy

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Quick takeaways

Kuppy highlights that the increasing demand for uranium, coupled with slow supply responses from producers, suggests a potentially higher price trajectory ahead.

The podcast discusses the stark difference between bullish sentiment among investors and the cautious reality utilities face due to inventory shortages and rising prices.

Deep dives

Current Uranium Market Dynamics

The uranium market has recently witnessed a significant price increase, climbing from $18 to $106 per pound. This surge signals a shift in investor sentiment toward the sector, which has historically been ignored or underappreciated. Institutional investors are now recognizing that their previous reluctance to engage might have caused them to miss out on potential gains. The ongoing demand for uranium, paired with the slow response from mining operations to increase supply, suggests that the market may still be on an upward trajectory.

Intro

5min

Navigating the Uranium Market Dynamics

24min

Impact of Rising Uranium Prices on Utilities and Consumers

2min

Dynamics of the Uranium Market: Contracts, Pricing, and Supply Challenges

5min

Momentum and Market Realities in Uranium Investment

4min

Justin and Trevor welcome in Kuppy, CIO of Praetorian Capital and author of Kuppy’s Korner blog. Kuppy is one of the most outspoken investors who's known for being early into major asset moves. His uranium trade idea over the past few. years is not any different.

We talk about the fundamentals behind the spot price move in uranium, if the sentiment behind the move is too frothy, and why he thinks the end move will be much higher than where we are now, but with load of volatility in between.

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