Uranium narrative has been making headlines this year. Just in 2023, Uranium is up by nearly 60%
Prices are now back above the levels seen before the Fukushima incident in March 2011. Simultaneously, uranium prices also major tailwinds from a supply deficit in the coming years, especially in the U.S. By 2028 a shortfall of 60% is expected... Meanwhile, a long list of countries sees nuclear as one of the only "clean" viable option... Source: Game of Trades
Uranium surges above $80 for the first time in more than 15 years
Source: Barchart, Bloomberg
The biggest bull market post-COVID has not been in the Magnificent 7 or any other equity markets; it has been in these two commodities:
1) Orange Juice: 246% 2) Uranium: 568% Source: Macrobond, Sagar Singh Setia
Copper hits widest contango in AT LEAST 29 years
Source: Barchart, Bloomberg
Orange juice hit another all-time high this week
Source: Tradingview
How big is the Oil Market ?
by Elements / Visual Capitalist
Uranium narrative has made headlines again...Prices are now back above the levels seen before the Fukushima incident in March 2011...
Source: Game of trades
Cost to move oil has surged!
Since Hamas attacked Israel, freight rates on 16 global routes are up +50%. Biggest gain has been for shipments across the Mediterranean Sea, which are up 2x. This is inflationary Source: Bloomberg, Genevieve Roch-Decter
