In an interview at the New Orleans Investment Conference, Nick Hodge, publisher at Digest Publishing, discussed the growing prevalence of "battery passports" and the investment angle he sees there.
He also shared his thoughts on how to invest in uranium at this point in the cycle, saying that power-intensive artificial intelligence (AI) data centers are boosting demand for the commodity, which was already strong.
"I've been a uranium bull for a long time — our moment is here. You can't have AI without uranium," said Hodge.
Looking forward to the new year, he thinks uranium will strengthen during the period.
"I think we're going to be in a uranium bull market for many years to come," he said. "It ebbs and it flows — I think you had your consolidation for the past year, and I would say that 2025 will likely be better for uranium than 2024. It's on many more people's radar now is what I would say. It's on CNBC now, and the tech investors are starting to realize."
In terms of how gold may perform in the next three to six months, Hodge said it's likely to stay flat.
"You had a really strong run — trees don't grow to the sky, you've got to digest, right?" he explained. "You've had gold come down in the past couple of weeks after it ran to near US$2,800 (per ounce); it tested the US$2,530 level. That's sort of the level for the next month or two — it needs to hold US$2,530 for the end of the year."
But in his view, that rest period for gold won't last. "Then we'll get into 2025 and we'll realize that the Department of Government Efficiency isn't going to be all that efficient, and we'll start talking about a weaker dollar again," he said.
Hodge is "absolutely" still interested in gold stocks, although he admitted some have been slow to move.
"You've got the gold price now that's going to base higher — we're not talking about going down to US$2,000, we're talking about going down to US$2,500. And so that's going to beget robustness, let's say, for gold stocks," he said.
Watch the interview above for more of Hodge's thoughts on battery metals, uranium and gold. You can also click here to view the Investing News Network's New Orleans Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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