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Nuclear Update Premium April 18, 2026
Markets spent this week consolidating the V-shaped recovery from the prior week's lows. The VIX closed back below 20, the S&P 500 held above its 200-day moving average, and a NASDAQ breadth thrust confirmed the rebound has real participation behind it.
Nuclear Update Premium April 11, 2026
Markets staged a dramatic V-shaped recovery this week, driven by a fragile U.S.-Iran ceasefire and a blowout jobs report that shattered recession fears overnight. Meanwhile in uranium, Cameco's COO pulled back the curtain on what utilities are actually paying for long-term supply, and the number is not $93. Contract ceilings are stretching to $160, and the midpoint is already nearly $120.
Nuclear Update Premium April 4, 2026
Oil is at $111 and the market is having a proper meltdown. The S&P 500 broke below its 200-day moving average, and VIX crossed 30 for the first time in 11 months. Five consecutive weeks of losses. The stagflation trade is the only trade that is working right now. In uranium, TradeTech pegged the long-term uranium price at $93 per pound, an 18-year high and just $2 from the all-time record set in 2008. This week I am taking a deep dive into what happened the last time we were at these levels, what was different about the 1970s and 2008 cycles, and why the structural case for uranium today is stronger than anything we have seen in either of those eras.
⚛️The History Behind Nuclear Fuel
A long time ago, long before small modular reactors, molten salt concepts, and AI-driven reactor announcements, one heavy metal became the foundation of the nuclear age. Of course that metal was uranium. Today we’ll look at why uranium became the nuclear fuel of choice in the first place, and why other candidates like thorium never fully caught up.
Nuclear Update Premium March 28, 2026
The Strait of Hormuz disruption has turned into a full-scale energy shock, pushing oil higher, slowing growth, and forcing markets to reprice a world where policy support is no longer guaranteed. In uranium, Kazatomprom, the world’s largest uranium producer, reported 2025 results reinforcing that supply remains disciplined, costs are rising, and utilities are still sitting on the sidelines while uncovered demand builds.
Nuclear Update Premium March 21, 2026
This week was a turning point. Markets moved from unstable to outright fragile, with the long-term trend breaking just as credit stress and macro conditions worsened. Rising oil prices, softer growth, and tighter financial conditions are now starting to hit the market at the same time. In uranium, the picture kept improving. The U.S. and Japan announced a $40 billion nuclear buildout built around BWRX-300 SMRs, and the Indo-Pacific Energy Security Summit added another $56 billion of energy and supply-chain deals with meaningful nuclear relevance.
