From Investing.com: 2024-11-23 03:30:00

U.S. nuclear power poised for growth with focus on expanding capacity and localizing enriched uranium supply. US DOE aims to add 35 GW of new nuclear capacity by 2035, part of goal to triple capacity by 2050. This growth trajectory could unlock a $101 billion market for nuclear equipment manufacturers.

Recent Russian ban on enriched uranium exports to US leads to efforts to localize nuclear fuel supply. US ban on Russian uranium leaves 27% shortfall in enriched uranium demand domestically. Daiwa expects a $443 million market for domestic enrichers, with companies like Centrus Energy and Honeywell as beneficiaries.

Daiwa sees U.S. nuclear revival as part of global trend, with optimism for China’s nuclear ambitions. Localizing nuclear fuel supply now a priority, with enrichment growth expected to outpace benefits to miners. Overall, a robust outlook for the nuclear sector is anticipated.



Read more at Investing.com: These are the 2 latest themes in US nuclear power By Investing.com