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.

Equity Bottom-Up

<ul>
<li>Revenue has scaled meaningfully over the last few years, driven by resurgence in SWU demand and U.S. enrichment contracting.</li>
<li>With exclusive U.S. HALEU production, Centrus is positioned to serve next-gen reactors in a market projected to require tens of tons annually by 2030.</li>
<li>While the stock has rerated sharply, valuation remains reasonable given its strategic role, early mover status, and long-duration growth runway.</li>
</ul>


Revenue has scaled meaningfully over the last few years, driven by resurgence in SWU demand and U.S. enrichment contracting.
With exclusive U.S. HALEU production, Centrus is positioned to serve next-gen reactors in a market projected to require tens of tons annually by 2030.
While the stock has rerated sharply, valuation remains reasonable given its strategic role, early mover status, and long-duration growth runway.


セントラス・エナジー（LEU）：HALEUの追い風でアメリカの濃縮能力を再構築

Centrus Energy

セントラス・エナジー（LEU）：HALEUの追い風でアメリカの濃縮能力を再構築