Global Materials | Industrials | Commodities

Rahul Jain

Over 20 years of sell-side research experience across Global Metals & Mining, Cement, Industrials, and Commodities. Extensive first-hand mine and plant visits spanning India, Australia, China, the US, and the UK.
Hundreds of buy-side engagements across major global financial hubs in Asia, North America, and Europe. Also led a comprehensive client tour of China to deepen industry understanding.

Focused on fundamentals-driven analysis including earnings modeling, cost structures, and valuations using DCF and relative multiples. Global commodity cycles, supply-demand trends, and macro factors are integrated into sector calls. Research prioritizes inflection points from price, cost, and policy shifts, using a disciplined bottom-up approach supported by top-down macro screening.

Thematic (Sector/Industry)

Japan Electrical equipment / Thematic (Sector/Industry)

<ul>
<li>Japan targets nuclear at 20–22% of power by 2030 under its GX Basic Policy, alongside a major renewables push.</li>
<li>Electricity demand set to rise 35–50% by 2050, with data centers tripling consumption by 2034.</li>
<li>Leaders: MHI (~10% nuclear revenue) and IHI (~5%) stand out as equipment winners; Kansai, Kyushu add steady utility exposure.</li>
</ul>


Japan targets nuclear at 20–22% of power by 2030 under its GX Basic Policy, alongside a major renewables push.
Electricity demand set to rise 35–50% by 2050, with data centers tripling consumption by 2034.
Leaders: MHI (~10% nuclear revenue) and IHI (~5%) stand out as equipment winners; Kansai, Kyushu add steady utility exposure.


Japan’s Nuclear Reset: Core Equipment Plays and Utility Options