Core Viewpoint - The International Atomic Energy Agency (IAEA) is set to release the "2025 World Fusion Outlook" report during the 30th Fusion Energy Conference in Chengdu, China, in October 2025, highlighting significant advancements in nuclear fusion technology and its potential for commercialization [2] Group 1: Industry Developments - The domestic nuclear fusion project "BEST" has achieved critical breakthroughs, with the successful development and installation of key components, marking a new phase in its construction [5] - The nuclear fusion sector in A-shares has shown strong performance, with the Wind nuclear fusion index rising by 6.87% since October, and some stocks, such as Zhongzhou Special Materials and Hezhuan Intelligent, doubling in value this year [2][3] Group 2: Investment Opportunities - The nuclear fusion industry differs from traditional nuclear energy, with fusion relying on deuterium and tritium as fuels, where deuterium can be extracted from seawater, making it more abundant [9] - Companies like China Shipbuilding Special Gas (10 tons/year deuterium capacity) and Dongfang Tantalum (providing key materials for tritium breeding) are positioned to benefit from the growing fusion market [9][10] - Key players in the fusion sector include Hezhuan Intelligent, which supplies products for the BEST project, and Xibu Superconductor, a unique supplier of superconducting materials for international fusion projects [10][11] Group 3: Future Challenges - Achieving commercial viability in nuclear fusion requires overcoming significant scientific and engineering challenges, including maintaining plasma stability and achieving a net energy gain [5][6] - The timeline for commercial fusion power generation is projected to extend beyond 2030, with ongoing research and development needed to address the complexities of fusion technology [5][6]