The global momentum towards tripling nuclear energy production by 2050 is reshaping the uranium market, as mentioned in the recent Der Aktionär article. Nations such as the USA, France, the UK, the UAE, and Japan are committing to expanding nuclear power, leading to a surge in uranium demand. Established players like Cameco are experiencing a resurgence, with uranium prices exceeding $80 per pound. Disruptions in traditional supply chains due to geopolitical events are redirecting attention to emerging projects such as Energy Fuels and NexGen Energy. The trajectory toward a potential uranium supply deficit underscores the strategic significance of these developments.
Meanwhile, despite a challenging year for lithium stocks in 2023, astute investors are eyeing potential turnarounds in 2024. Concerns about oversupply and plummeting prices are addressed. Tobias Tretter, founder and CIO of Commodity Capital, provides insights, noting that lithium prices may have bottomed out because factors such as extended project timelines and the global rise of electric vehicles contribute to the lithium market's resilience. Pilbara, facing short-selling pressures, stands out with robust profitability projections. Chilean giant SQM emerges as a dividend powerhouse, and Albemarle, despite facing challenges, demonstrates operational stability and potential for future gains. Navigating the lithium market requires courage, but for those with a long-term outlook, opportunities abound in this evolving energy landscape.
You can read the full articles from DER AKTIONÄR in the attachment (available only in German).
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