Free Weekly Email 1.21.25

These Are the Big Catalysts Driving the Uranium Market in 2025

Mike Alkin and Justin Huhn are two of the most respected analysts in the uranium sector, and they bring their combined knowledge to this epic panel on the main catalysts driving uranium in 2025. The duo discuss supply shortfalls, lack of production out of Kazakhstan, the ban on Russian uranium, along with shedding light on their own investment strategies when it comes to uranium mining stocks.

Marc Andreessen: It’s Morning Again In America

The interview delves into the technological and political evolution of Silicon Valley and Marc Andreessen’s own shifting political affiliations from left to right, along with his vision for leveraging technology to drive societal progress and the role of innovation in addressing energy challenges, border security, and national defense.

I have talked about the Regan administration and their mantra of “Morning In America” and how many are reciting something similar for the Trump administration. I do not share that sentiment, but it is interesting to hear another perspective.

If You Overpay, Your Returns Will Suffer

Overpaying for stocks leads to lower returns

The chart represents the 10-year forward returns for stocks based on the P/E ratio paid for stocks. At current P/E’s, investors are looking at historically 0% returns over the next ten years.

Chinese Electrical Demand

Many analysts continue to suggest the Chinese economy is a bug in search of a windshield. I agree that it has many issues (the real estate bust and debt levels), but electricity demand does not go up over time in an economy that is not growing. Also, note where India is on this chart. Lots of catch-up to happen in that market.

Regarding electric demand, see the comments below from a recent Constellation Energy presentation.

Constellation Energy CEO on demand for energy: "The fact of the matter is demand for our products is expected to grow at levels we haven't seen in a lifetime...These charts show you revisions in their demand forecast over the last few years."

We need all energy sources to meet these goals

That is it for this week.

Readers and listeners support this service and my work. The best way to do so is to follow me on Substack, YouTube, and X. You can also buy me a coffee if you are inclined.

Regards,

John Polomny