The demand for uranium is soaring, causing speculation about a looming supply black hole and a potential price spike. Justin Huhn, founding partner of the investment bank MCG Advisory Inc., says we are on the verge of an uptick in the global uranium market. Uhnn, one of the world’s foremost uranium market analysts, says the uranium supply is quickly diminishing while the demand for the mineral has increased significantly. This, he says, puts the uranium market in a precarious position. The demand for uranium results primarily from the growing demand for nuclear power. According to Uhnn, the uranium market has been in an extended state of stagnation since the Tokyo Electric Power Company (TEPCO) disaster in Fukushima. Now, there is a resurgence in the number of people looking to nuclear power as an alternative to traditional sources of energy. As a result, the global uranium supply is diminishing more rapidly. Uhnn believes that the rate at which uranium is removed from the market will soon surpass the rate at which new uranium is added to the market. This will lead to a dramatic supply crunch, causing a significant price spike. According to Uhnn, the price of uranium is expected to jump to levels “well above $50 per pound” in the near future. This would be a marked increase from the current market price of around $28 per pound. What this means for investors is that now is an ideal time to buy uranium as the prices are still relatively low. Uhnn believes that those savvy enough to invest now can make a considerable profit as the market stabilizes. In conclusion, Uhnn’s outlook on the global uranium market is that demand is likely to outpace supply, leading to a marked increase in the price of the mineral. Although this means short-term pain for some consumers, it could be a great opportunity for investors looking to get in on the ground floor.