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Good morning,
You can believe that the push towards clean energy is overdue or overdone. But you can’t deny that it’s happening. The Biden administration is pushing for Net-Zero Emissions Operations by 2050 with the goal of reducing emissions by 65% by 2030. And that could make demand for a certain element resemble the gold rush of the 20th century.
As an investor, a bold initiative like that is a gauntlet being thrown down. And you owe it to your portfolio to look for the best opportunities that present themselves to you. One of those opportunities is occurring in nuclear energy.
Nuclear energy is well known as the only truly “clean energy” source that is currently available. And according to the World Nuclear Association, in 2019, there were 479 plants either being proposed, planned, or under construction.
But just as the growing electric vehicle (EV) market will require lithium, making a nuclear future a reality will require uranium and lots of it.
Russia’s invasion of Ukraine in 2022 set off a spike in uranium prices. And the forecast is for those prices to only move higher in the next several years.
That’s a supply and demand puzzle that needs to be solved. According to Statista, global demand for uranium is expected to reach 209 million pounds by 2035. To achieve that goal, new uranium assets will have to be discovered.
That’s great news for uranium miners, as they can lock in contracts at higher prices and use those prices to fund their mining operations. Many miners with operating mines are doing just that.
And other, smaller miners also stand to benefit from the rush to uranium.
The takeaway is that now is an ideal time for investors to consider uranium stocks. The big payoff may still be some time away, but that’s why it’s time to “mine” (pun intended) for some of the companies that are leading the way in this sector.
View the 7 Uranium Stocks with the Power to Deliver Nuclear Growth
Rebecca McKeever
MarketBeat
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Nuclear energy has been a long-standing source of low-carbon power in the United States, with about 93 reactors operating at 56 plants. However, the sector faces challenges, including aging infrastructure and competition from alternative energy sources. Efforts to modernize with advanced reactor technologies like small modular reactors are underway. The domestic uranium industry has declined due to low prices and international competition, prompting concerns about national security and self-sufficiency. The future of nuclear energy in America hinges on economic viability, technological innovation, and policy decisions, while the uranium industry's revival depends on domestic production incentives and global demand.
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