In this interview, Justin Huhn of Uranium Insider explains why he believes the uranium market remains structurally bullish despite weak recent equity performance and a quiet spot market. Justin discusses the return of utility contracting activity, rising long-term uranium prices, constrained future supply, incentive pricing, Kazatomprom production risks, Japanese reactor restarts, and why building new uranium mines remains far more difficult and expensive than most investors appreciate.
🗓️ Recording date: May 27 , 2026

📖 Chapters
0:00 Intro
00:33 – Uranium market overview
02:20 – Utilities returning to long-term contracting
04:45 – Why uranium equities have pulled back
06:15 – Global utility demand: India, Korea, Japan, US & Europe
07:10 – Spot market vs real end-user demand
09:25 – Rising term prices and what they signal
10:05 – Why uranium demand is highly predictable
11:45 – Incentive prices & why higher uranium prices are needed
15:00 – “Nobody wants to build a uranium mine”
17:10 – Japanese reactor restarts & inventories
21:20 – Kazatomprom production outlook
23:30 – Sulfuric acid risks & Kazakhstan supply
27:00 – Cameco outlook & long-term production challenges