Emerging Trends: Stocks, Sectors & Styles

October 13, 2024

KEY THEME: We loved Nuclear power all along, and this Three Mile Island Nuclear Plant reopen is a big deal...

A. SUPPLY CONSTRAINTS MEET GROWING GLOBAL DEMAND FOR NUCLEAR

1. Limited alternatives to nuclear power
2. China's aggressive nuclear expansion
3. Data centers, AI, and the surge in energy demand

B. US DEPENDENCE ON FOREIGN URANIUM

1. Kazakhstan's strategic influence
2. Russia provided 31% of the enrichment needs for European Union countries and 27% of the US demand in 2021
3. Russia accounted for approximately 40% of the global uranium enrichment market in 2023
4. Without new Western capacity, global enrichment needs will surpass non-Russian supply by 6-20% annually through 2038

C. THE NUCLEAR RENAISSANCE IS UNDERWAY - SIGNALING RENEWED INTEREST IN NUCLEAR ENERGY

1. Three Mile Island Nuclear Reactor to reopen - watershed event for the nuclear industry
2. Buy on Uranium ETF
3. Buy on US Uranium Mining
4. Buy on Uranium COMEX

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