The ongoing emerging nuclear energy renaissance is now picking up steam:
60 reactors currently under construction, globally
112 reactors planned
324+ reactors proposed
China leads the way with 22 reactors under construction, and the lofty goal of 200GW of nuclear power by 2035 (put another way…an additional ~150 NEW reactors in the next 12 years!).
South Korea has pivoted in favor of nuclear.
Japan is more aggressively restarting their idled fleet (three more reactors to restart in 2023).
The United States with the world's largest reactor fleet (92 operating reactors) has enacted the Inflation Reduction Act, which contains robust clean energy production tax credits for utilities that will support further reactor life extensions.
There is so much more to share on this front…but let me simply summarize by saying that the setup in front of us for nuclear and uranium – although complex – is uniquely compelling and supportive for a multi-year bull market. We have now only completed the first big leg up in this young bull which was followed by a 14-month “bear trap” consolidation. We are now poised for the next leg of this young bull.
Northsea9 : Very timely provision of information
73372627 : Not before end of the second quarter 2025. the reserves still be high and the price by lb. I see IMHO is on the third bottom consolidation. Damage that Canada it is very slow on giving permits.