Why These Energy Stocks are Gaining This Week

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1. Energy Fuels Inc. (NYSEAMERICAN:UUUU)

Share Price Gains Between Oct. 3 and Oct. 10: 23.12%

Topping our list of Energy Stocks Gaining the Most this Week is Energy Fuels Inc. (NYSEAMERICAN:UUUU), a leading US-based critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium, and medical isotopes.

Energy Fuels Inc. (NYSEAMERICAN:UUUU) soared to its all-time high this week after China announced broad new curbs on its exports of rare earths and other critical materials, as it tightens its grip over this sector ahead of talks between Presidents Donald Trump and Xi Jinping.

Nonetheless, this strategic move by the largest rare earths producer presents a significant opportunity for suppliers like Energy Fuels Inc. (NYSEAMERICAN:UUUU), which is ‘well-positioned to provide 10 of the 50 critical minerals required globally for modern technologies.

Moreover, Energy Fuels Inc. (NYSEAMERICAN:UUUU)’s strong position in the uranium industry grants it an edge amid the ongoing nuclear boom, especially with the Trump administration working to reduce imports of the nuclear fuel from Russia.

While we acknowledge the potential of UUUU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UUUU and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Natural Gas and Oil Dividend Stocks to Buy Now and 12 Best LNG Stocks to Buy According to Hedge Funds.

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