...commodity bulls always like to talk about supply deficits.
...there won't be enough nuclear power to power AI, but that is likely to be just in the imagination because the AI trajectory may well fall short of the growth expectations....similar to EV. It would just take a recession to knock it down hard.
...the reality is that Demand matters and dictates price trajectory.
...an AI bubble crash = Demand growth destruction for uranium hopium = Uranium stock crash.
...and uranium stocks corrected because of recession concerns.
...another >10% fall in CCJ would mark the end of this uranium rally.
The days are long (especially today), but the years are short in Uranium. According to the World Nuclear Association, the uranium market is still projected to see a severe shortfall towards the end of the decade. More so now with AI data center demand in the picture. https://x.com/KatusaResearch/status/1819125721370902937
