Nuclear Stocks Surge After Trump Tells Davos “US Going Heavy Into Nuclear”
We are very likely still in the earliest stages of the US nuclear renaissance.
TL;DR
- President Trump promoted the US nuclear industry at Davos.
- Nuclear industry stocks rose following Trump's comments.
- The US nuclear industry has experienced decades of decline due to safety fears, cheap natural gas, regulations, and activism.
- The current federal administration is providing unprecedented support to the nuclear industry.
- The US government recognizes deficits in uranium mining, enrichment, manufacturing, and advanced reactor development.
- Government support includes awards for enrichment, faster licensing, and new applications like space reactors.
- The DOJ has granted antitrust immunity for companies revitalizing domestic nuclear capabilities.
- Hundreds of billions of dollars are designated for reactor development, supported by US government and foreign aid from Japan and South Korea.