The Uranium Market Is Running Out of Shock Breakers — BIG WNA Takeaways
September 15, 2026

In this interview, Mart Wolbert of Contrarian Codex, discusses the future of the uranium market following the World Nuclear Association Symposium in London. Mart shares his insights on the uranium supply shortage, rising uranium prices, utility demand, and why the market may have run out of “shock breakers.” We explore the outlook for uranium prices reaching $150, the challenges of bringing new mines into production, rising mining costs, supply disruptions, and the potential impact of small modular reactors (SMRs) on future uranium demand. Mart also discusses uranium equities, market volatility, macroeconomic risks, and where he sees potential opportunities for investors. If you follow uranium stocks, nuclear energy, uranium mining, and the global nuclear fuel cycle, this interview offers valuable insights into one of the most important commodity markets of the coming decades.

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