most immediately bullish commodity for 2026.
Uranium is the most immediately bullish commodity for the rest of 2026, driven by energy security paradigm shift and sticky long-term contract prices.
The Middle East war and Strait of Hormuz closure are an 'ice plunge' wake-up call for nuclear energy independence. Long-term contract prices near $95/lb are enough to incentivize production, yet mine builds have disappointed on schedule and cost. The story is obvious but the fundamentals remain strong.