I started investing in Uranium Miners in 2020 - Honestly I thought I would be out of the trade by 2024 at the latest 😂 I think it's gonna be another 2 year hold at least while we grind out the volatility... 😒
There will be spikes but, agreed, this will take longer than people realise... nuclear takes time! But the restarts have accelerated the timeline significantly 🏃♂️⏱️
Thank you for this article. The part on Uranium-supply is very helpful. I have a „what if“ question due to discussions in Germany. Some see now the time to switch to a strategy comparable to France in the 70ties and 80ties. Would it be possible at all to shift large industrialized regions to 80% nuclear (US, China and EU) or looking from bottom up, how much electricity can be provided via nuclear, if all those regions choose the same approach and electrification triples the demand on electricity in general?
China is aiming for 15%-20% nuclear in electricity supply, if I‘m not mistaken.
Hi, I think your question is about one of political willpower. Yes, with enough political momentum, you could see a shift as high as 80% nuclear across industralized regions. However, we do not think (unfortunately) it will be that high — there will still be a significant mix with natural gas a major future player (particularly due to its low cost in the USA).
(also in Germany, there is a very small chance they may switch the nuclear reactors back on, but we do not think they will build any others)
One comment on extended lifetimes: France had to spend significant money for keeping their reactors in shape. With now almost completely written off reactors they still have production costs of around 6€Cent/kWh. This needs to be be considered in decisions about extending permissions of existing reactors.
Another nuclear energy love story article that doesn’t mention why people wanted to close down nuclear reactors in the first place. Probably worth at least a mention.
We highlight the ongoing closures in Germany and Taiwan in the story. The focus of the article is not to go into the arguments for/against nuclear; instead to highlight why/how it has made a come back.
But, yes, perhaps we could have also highlighted the shift in global opinion in support of nuclear, it is certainly a factor in easing it's return. Although we think some of that is driven by the factors we outline in the piece.
I started investing in Uranium Miners in 2020 - Honestly I thought I would be out of the trade by 2024 at the latest 😂 I think it's gonna be another 2 year hold at least while we grind out the volatility... 😒
But it will be well worth it in the end..
There will be spikes but, agreed, this will take longer than people realise... nuclear takes time! But the restarts have accelerated the timeline significantly 🏃♂️⏱️
Odds on for decades old Fission workhorses worldwide that will still be running while ITER and Superphénix are industrial museums.
The $24 billion budget for ITER and $10 billion for Superphénix could certainly keep the fission fleet working for a while longer!
Thank you for this article. The part on Uranium-supply is very helpful. I have a „what if“ question due to discussions in Germany. Some see now the time to switch to a strategy comparable to France in the 70ties and 80ties. Would it be possible at all to shift large industrialized regions to 80% nuclear (US, China and EU) or looking from bottom up, how much electricity can be provided via nuclear, if all those regions choose the same approach and electrification triples the demand on electricity in general?
China is aiming for 15%-20% nuclear in electricity supply, if I‘m not mistaken.
Hi, I think your question is about one of political willpower. Yes, with enough political momentum, you could see a shift as high as 80% nuclear across industralized regions. However, we do not think (unfortunately) it will be that high — there will still be a significant mix with natural gas a major future player (particularly due to its low cost in the USA).
(also in Germany, there is a very small chance they may switch the nuclear reactors back on, but we do not think they will build any others)
One comment on extended lifetimes: France had to spend significant money for keeping their reactors in shape. With now almost completely written off reactors they still have production costs of around 6€Cent/kWh. This needs to be be considered in decisions about extending permissions of existing reactors.
Another nuclear energy love story article that doesn’t mention why people wanted to close down nuclear reactors in the first place. Probably worth at least a mention.
We highlight the ongoing closures in Germany and Taiwan in the story. The focus of the article is not to go into the arguments for/against nuclear; instead to highlight why/how it has made a come back.
But, yes, perhaps we could have also highlighted the shift in global opinion in support of nuclear, it is certainly a factor in easing it's return. Although we think some of that is driven by the factors we outline in the piece.
this is so fucked.
Read.
https://substack.com/@1longtrain/note/c-72407878?r=1zyuut