我们判断未来10年天然铀需求将受惠于核电结构性增长趋势, 同时在铀矿供应受限的背景下, 铀价将在未来数年保持高企(详见深度报告”原材料-天然铀受惠于全球核电未来十年的结构上升周期”) 。中广核矿业, 通过和哈原工(KAP)两家合营公司持有四个位于哈萨克的低成本铀矿, 将受惠于铀价上升的长期趋势。我们假设2024年全年平均铀价85美元/ib (同比上升30%+), 2025/26年每年上升8%。我们...
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