Chart of the week: are uranium shares about to go nuclear?

Chart of the week: are uranium shares about to go nuclear?

With China expected to ramp up its nuclear energy programme we take a look at the chart for a firm set to benefit. Not only has sentiment cooled for wind and solar in the West, but China appears on the verge of ramping up its dependence on nuclear by building more reactors.

There is great pressure on them to cut their dependence on coal – and they can earn Brownie points galore in the West by cutting their CO2 emissions – and going nuclear.

I well remember the first Uranium Rush in the 1960s led by Canada. Canadian uranium penny shares were the meme stocks of their day.

Then, the infant nuclear energy industry was said to promise unlimited free energy! Of course the hype was not matched by reality and a Uranium Bust ensued.With accidents like Three Mile Island cooling the nuclear frenzy, and an abundance of ‘cheap’ oil and gas, […]

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