Many uranium/nuclear energy stocks are now approaching 8-10 month lows.
The selloff in this sector continues despite positive sentiment coming from the White House.
Can’t help but think we’re approaching a bottom in this sector.
Very interested, but not sure how to play it. 🤔
@ErikSTownsend@AaloAtomics It's called a science project. They are far behind any commercial NRC paperwork than others. Building a tin can to show off quickly is easy, without commercial paperwork its meaningless. You should promote all in positive light as electrons are needed, not one particular one.
Trump: We are going heavy into nuclear power.
Just with reactors under construction and currently in operation, we will face serious supply shortages in the coming years.
By 2045:
- Uranium supply falls ~30%
- Demand doubles
- The cumulative deficit reaches ~2,000 million lbs
To put that in context:
A 2,000 million lb deficit equals ~12 years of today’s global uranium production.
This isn’t a resource problem.
There is plenty of uranium in the ground..... It’s an incentive problem.
At current prices, new mine development barely clears the hurdle rate.
And when supply can’t respond, only one thing does the work:
Price.