在"十四五"即将圆满收官、"十五五"正待开启序幕之际，资本市场走出了一轮慢牛长行情，上证指数一 度突破4000点关口。12月23日上午，A股年度成交额突破406万亿，这一里程碑式的数字，不仅标志着A 股市场交易活跃度明显提升，也体现出中国资本市场的吸引力正在逐步增强。 同日晚间，ST京蓝发了一则意想不到的公告，表示将以100万美元的"轻量级"投入，获得南非的一处钒 钛磁铁矿的51%探矿权。 公告字数不多，看不出这个矿的价值多少，但对此信息进行检索，能发现背后有不小的信息量。 南非是一个拥有优质钒钛磁铁矿的国家，其钒、铁品位远高于中国的同类矿产，并且南非最著名的钒钛 磁铁矿之一，就是ST京蓝在公告中提到的瓦梅特科(Vametco)矿床，位于南非最大城市约翰内斯堡附 近，露天就可开采出钒含量数倍于中国顶级钒钛磁铁矿——攀枝花钒钛磁铁矿的优质矿石，已为其股东 稳定贡献了数十年的利润。而ST京蓝的公告显示，其收购的钒钛磁铁矿直接与Vametco矿床相连，矿石 品质相近，显然是同一矿脉。 以上测算未考虑选矿和冶炼的回收损失等，但考虑到还有钛的价值，且南非的钒钛磁铁矿通常还含铬等 高价值金属，因此Trojan矿床中蕴藏的 ...

Industry Overview - The US nuclear energy industry is experiencing a significant boost following President Trump's executive order aimed at reducing regulatory barriers and increasing nuclear capacity fourfold to enhance energy security amid rising electricity demand from AI-powered data centers [2][3] - The strategy emphasizes domestic nuclear fuel extraction and enrichment to reduce reliance on imports from China and Russia, with the International Atomic Energy Agency predicting a potential increase in global nuclear capacity by up to 2.5 times by 2050 [3] Government Initiatives - A new nuclear power agreement between the United States and Britain is set to be signed during President Trump's state visit, aimed at attracting investment and accelerating the construction of new nuclear plants [4] - The British government is supporting Rolls-Royce in its efforts to build the first compact modular reactors in the UK, with a commitment of £19 billion ($25 billion) for a new plant at Sizewell C [4] Company Highlights - Energy Fuels Inc. (NYSE:UUUU) reached a 52-week high of $14.42 on September 19, 2025, reflecting strong investor confidence in its ability to meet the growing demand for nuclear fuel and critical minerals [11] - The company has successfully produced high-purity neodymium-praseodymium oxide for electric vehicle magnets, enhancing its position in the "mine-to-magnet" rare earth supply chain [12] - Denison Mines Corp. (NYSE:DNN) acquired 485,000 shares of Foremost Clean Energy Ltd. for approximately $1.07 million, increasing its stake to about 19.17%, indicating strategic interest in uranium exploration [14][15] - Centrus Energy Corp. (NYSE:LEU) achieved a new 52-week high of $265.48 on September 19, 2025, showcasing its strong market position and liquidity, while also being well-positioned to capitalize on opportunities in the nuclear fuel supply chain [18][19]

Industry Overview - Rare earth mineral stocks are gaining traction due to increasing global demand for electric vehicles (EVs), renewable energy, and advanced technologies, which are critical for producing permanent magnets, batteries, and high-performance materials [1] - Only a few companies outside China are successfully developing competitive supply chains in this sector [1] Company Spotlight: Energy Fuels (UUUU) - Energy Fuels has announced a breakthrough catalyst with domestically produced rare earth oxides integrated into commercial-scale permanent magnets for EVs, leading to a 6% increase in share price [2] - The company is recognized as the largest domestic producer of uranium in the U.S. and is involved in the exploration and sale of rare earth elements [4] - Energy Fuels has a market cap of approximately $2.6 billion and has seen its share price increase by 160% over the past year, significantly outperforming the S&P 500's 17% gain [5] Strategic Partnerships - Energy Fuels has established partnerships with U.S.-based companies to secure offtake and end markets for its rare-earth oxides, including a memorandum of understanding with Vulcan Elements to supply high-purity NdPr and dysprosium oxides [6] - Initial shipments of NdPr and Dy to Vulcan are expected in Q4 2025, with plans for longer-term supply contracts following material validation for magnet production [6] Financial Metrics - Energy Fuels currently trades at a price-to-sales (P/S) ratio of 35, which is significantly higher than the sector median of 1, indicating a challenging valuation compared to peers [5]