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MacroVoices #410 Justin Huhn: Investing in All Things Nuclear
Macro Voices
Uranium Market Update and Bullish Signals
A confluence of factors led to a significant uptick in uranium and uranium miners' prices. The Department of Energy announced issuing a $500 million RFP for LEU and halo from domestic producers. Bullish articles from reputable sources like the Wall Street Journal and Reuters, as well as a Seeking Alpha article, added to the positive sentiment. Bank of America's bullish report on uranium price projections further fueled optimism. Despite market malaise in recent weeks, uranium prices continued to rise. Both ETFs announced substantial dividends, with URA engaging in some market selling.
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