铀，天然铀价值重估，长牛征程进行时

Group 1 - The core viewpoint of the report emphasizes the importance of uranium as a strategic mineral resource, highlighting its role in the nuclear fuel cycle and its cost structure in nuclear energy generation [1][5]. - The cost of uranium accounts for approximately 51% of the nuclear fuel cost, with the total cost of uranium fuel cycle estimated at $1,663 per kilogram of uranium dioxide [5]. - According to the 2024 annual report of China General Nuclear Power Corporation, the cost of nuclear fuel constitutes about 17% of the electricity sales cost, leading to an estimated 9% contribution of natural uranium to the overall cost of nuclear power generation [1][5]. Group 2 - Uranium is classified as a critical mineral by the United States, China, and Canada, reflecting its strategic significance in energy security and the transition to cleaner energy sources [4]. - The report notes that various countries are implementing favorable policies to promote nuclear energy, driven by factors such as energy security and carbon neutrality goals, with around 30 countries considering or initiating nuclear energy projects [4]. - The nuclear fuel cycle is described as a vital technology chain, with natural uranium being referred to as the "grain store" for nuclear power, underscoring its essential role in the energy landscape [4].