Emad TechnoBee

1/ Most investors who say they're "long copper" are not long copper. They're long a bundle of Indonesian political risk, management credibility discounts, global equity beta, and somewhere buried inside all of that, some copper. New research from Massif Capital: 🧵

Commodity market guru Jeff Currie on the unrealized attractiveness of heavy assets: “[Markets] are underestimating the upside [of] commodity prices... This is the revenge of the old economy called HALO... Heavy Asset Low Obsceneness." BOTTOM LINE = STAY LONG HALO.

WESTINGHOUSE IS HIRING AN AP1000 PROJECT DIRECTOR The nuclear build-out is moving from planning to execution. Westinghouse just posted a Project Director role for AP1000 delivery in North America. ∙ Scope: Lead 500+ FTE delivery team across licensing, engineering, and supply chain ∙ Responsibility: Full project P&L, client interface, scope/cost/schedule compliance ∙ Supply chain: Localization requirements, supplier quality and contractual performance ∙ Contract types: Fixed price and cost reimbursable EPC execution experience required ∙ Requirement: 20 years EPC mega-project experience, nuclear new build preferred ∙ Comp: $189K - $236.5K base plus incentive pay The AP1000 is the only large Gen III+ reactor with NRC design certification and operating units already running in China. The U.S. build pipeline is real. Westinghouse is staffing for execution, not just business development. Nuclear new build is hiring at the director level. The workforce ramp is underway. $CCJ