Author: David Flynn, Chief Investment Strategist and Director.
I recently wrote about the investment case for Uranium. Given the tension in the middle east and the ongoing war in the Ukraine, energy independence is quickly becoming of the utmost importance. Nuclear is the only scale-able zero emissions solution and the world is catching on. Just Tuesday as the trouble between Israel and Iran is heating up (June 17), our Uranium position gained 5.57%.
Source: Reuters (Sprott Physical Uranium Trust chart from 2021 to current)
That was 2% better than even Brent Crude Oil (interesting considering the risk to Crude Oil prices in the Strait of Hormuz) on the day.
There is no shortage of interesting headlines in the space.
TerraPower announced the close of a fundraising round, securing $650 million, which included the venture capital arm of Nvidia.
https://www.terrapower.com/terrapower-announces-650-million-fundraise
China to nearly double nuclear power capacity by 2040
The World Bank lifted a ban on funding nuclear energy
https://www.ft.com/content/d80b68ec-3da8-42ea-82ee-4cab22b31a69?shareType=nongift
Westinghouse plans to invest $75 billion in ten nuclear reactors in the United States, responding to a presidential order aimed at significantly accelerating the expansion of nuclear energy in the country by 2030.
China appears to be winning the race for energy independence, which is going to drive investment in the rest of the world.
Image Source: https://x.com/CxuAsx/status/1935099793673699579?t=9t7ge4pqqBSY-4VXmx7u9g&s=03
Obviously there’s a lot of growth happening in the space right now, but we also like it because Uranium is not correlated to Equities, Bonds or other Commodities, so it adds important diversification to multi-asset portfolios.
For more information or to find out how to invest email Peter –Â pbrown@baggot.ie
Baggot Asset Management Limited t/a Baggot Investment Partners is regulated by the Central Bank of Ireland
CRO Number: 565467
Central Bank Ref: C143849
Disclaimer
Important Information
It is vitally important that before you make any investment decision that you seek advice from Baggot Investment Partners (or an independent financial advisor) who can assess your needs and ensure a personal recommendation is made as to the suitability of this product as a part solution for your investment needs and objectives.
NOTHING CONTAINED ON THIS KEY FEATURES DOCUMENT CONSTITUTES INVESTMENT, LEGAL, TAX, OR OTHER ADVICE, NOR IS TO BE RELIED ON IN MAKING AN INVESTMENT OR OTHER DECISION. YOU SHOULD OBTAIN RELEVANT AND SPECIFIC PERSONAL ADVICE FROM BAGGOT INVESTMENT PARTNERS BEFORE MAKING ANY INVESTMENT DECISION.