/biz/ - Business & Finance

news:
>paladin energy begins commercial production at namibia mine

nuclear energy play to wagmi:
>spot prices pre 2021 were 30$/lb
>spot prices since spiked to 100$/lb and current low is 50$ while median is around 70$-80$ (this has been priced in since)
>regulatory uncertainty on whether or not uranium can be classified as clean in eu
>more funding overall secured if so
>china moving into nuclear to meet demand
>largest producer kazatomprom warned that they may not be able be at full production capacity (lack of sulphuric acid)
>due to geopolitical tensions the west is looking to expand domestic production of uranium

if youre newfag with nuclear and bought into the greens and activist kvetching about dangers of nuclear, know that the waste problem was sorted ages ago and look at france as an example state
>many mines dormant and can be restarted any time to resume production

relevant tickers (long term, youre in it until 2030 at least):
>CCJ (US/canada) (second largest producer and with KAP they have contracts with china)
>KAP (Kazakhstan) (largest producer)
>UUUU (US) (large stockpile of uranium and rare earth minerals mining ops, big potential manufacturer)
>UEC (same with uuuu, well positioned for home demand and export contracts)
>GEV (US) (due to recent company spin-off, GE investors are better positioned to capitalize on nuclear than previously)
bonus pick: Boss Energy and Paladin Energy in Australia, Curtiss-Wright and Westinghouse (small exposure to nuclear, dyor)

notable risks:
>spot price volatility
>aging nuclear fleet
>long time to set up a mine or new NPP
>regulatory risk
>"climate activist" protests

https://www.youtube.com/watch?v=GNkO2hzXluU

dyor, not advice, you know the drill