有色金属：特朗普拟签核电命令，关注产业链个股

Industry Investment Rating - The investment rating for the industry is "Strongly Outperform the Market" [6] Core Viewpoints - The report highlights that Trump is expected to sign an executive order to promote nuclear power, which includes measures to streamline safety approvals and significantly increase nuclear power generation capacity by 2050 [1][2] - The report indicates that the demand for uranium in the U.S. is projected to grow at a rate of 5.7%, with the U.S. accounting for approximately 26.86% of global uranium demand by 2024 [1][2] - The report suggests that the nuclear power command will lead to a significant increase in uranium demand, with estimates for 2030 ranging from 2.1 to 2.6 million tons and for 2050 between 6.4 to 8 million tons [2] Summary by Relevant Sections Investment Highlights - The executive order aims to reduce the environmental assessment period for nuclear plants from 7 years to 3 years and allows for the installation of new reactors at military bases [1] - The report notes that the current nuclear power generation in the U.S. is 100 gigawatts, with a target to increase this to 400 gigawatts by 2050 [1] Market Dynamics - The report emphasizes that the global uranium supply is expected to be in a long-term deficit, with 2022 production at approximately 50,000 tons and new mines being limited [2] - The anticipated increase in nuclear power demand may lead to preemptive stockpiling of nuclear fuel, exacerbating the supply-demand imbalance [2] Investment Recommendations - The report recommends focusing on companies such as China General Nuclear Power Group and Wanli Stone as potential investment opportunities in the nuclear sector [2]