On Friday afternoon, in what he called a "huge day for the nuclear industry", president Trump signed a series of executive orders designed to support the nuclear energy industry through improving the regulatory process as well as supply chains, as well as to fast-track the development and deployment of advanced nuclear reactors culminating a dramatic policy shift aimed at revitalizing the U.S. nuclear energy sector.
The executive order invokes the Defense Production Act to declare a national emergency regarding the US' dependence of uranium from China and Russia, specifically enriched uranium, processing capabilities, and other inputs. The order will dramatically ease the regulatory process on new reactors as well as support the build out of supply chains.
Understandably, nuclear and uranium stocks soared - including such ZeroHedge favorites as Cameco (CCJ) and Oklo - hitting multi-year highs.
