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
The InsiderTrades.com Team
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The U.S. Gold Rush, primarily referring to the California Gold Rush of the mid-19th century, was a pivotal event in American history. It began in 1848 when gold was discovered at Sutter's Mill in California and continued into the early 1850s. This discovery triggered a massive migration of people from across the United States and around the world to California in search of gold.
Prospectors, often referred to as "forty-niners," endured arduous journeys to reach California, facing harsh conditions, long distances, and significant risks along the way. The promise of wealth drew people from diverse backgrounds, including miners, entrepreneurs, and laborers.
The Gold Rush had profound economic, social, and environmental impacts on California and the nation as a whole. It led to the rapid growth of California's population and the development of cities like San Francisco. It also spurred infrastructure development, such as roads and railways, and contributed to the state's eventual statehood.
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