The International Atomic Energy Agency recently increased its projections for capacity of global nuclear power for a fifth straight year, and it now expects capacity to more than double by 2050. Still, nuclear energy is unfamiliar enough to many that it's easy for investors to be unaware of the intricacies of the nuclear fuel supply chain, including processes such as mining, enrichment, fabrication, reactor operation, waste disposal, and more.
With nuclear power in ever-increasing demand for data center applications and other uses, companies operating as pick-and-shovel plays within the nuclear supply chain could be positioned to benefit in a big way. Investors can therefore look beyond pure-play mining firms for an innovative approach to the nuclear energy space.
