Friday Haymaker
In The Ring - August 11th, 2023
Nuclear Summer
“The uranium sector, in my opinion, offers the most asymmetric risk reward profile I’ve seen in my entire career. I believe we’re on the cusp of an enormous move in this sector.” -Justin Huhn, author of the Uranium Insider.
To learn more about Evergreen Gavekal, where the Haymaker himself serves as Co-CIO, click below.
Frankly, I never thought I’d write a title like this, considering how long the Nuclear Winter lasted. For decades, the densest form of energy known to woman and man was stuck in a state of perpetual eclipse, at least in the U.S. and most of the West. This was despite its carbon-free nature. Overseas, it has been a much different story, particularly in Russia and, even more so, in China.
In addition to permitting almost two new coal plants every week, China has also gone from a standing start with nuclear reactors to now operating a fleet of nearly 60, with another 20 plants in development. Meanwhile, the U.S. has contracted from 104 down to 93. It’s a distinct possibility that China will have more reactors producing carbon-free electricity than the U.S. before the decade is out.