The biggest risk to the price of Uranium in the long term is the USA policy on reprocessing spent fuel.Unless there's a nuclear accident this looks like it has some momentum.
Ordinarily, I'd say this needed a 'healthy correction', or consolidation, but having surfed the 2005-7 ish wave, I know these things have a nice tube to ride. Until the wave hits the reef.
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Not at all, renewables are growing at a fast and steady pace.Seems the world might have caught on.
EVs seem to be on the nose as well at the moment.
A lot more than that isn't it? I get URNM as up 34% Ytd.
And URA up more than 40%?
Article dated yesterday.
URNM WEEKLY
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To be fair, if you'd bought almost anything in the march low(s) you'd have made a motza.
This is actually quite a bit behind the curve compared to many alternatives.
A Chinese company has discovered a new way to pull uranium out of sea water that is cheaper and three times faster than previous methods.
https://amp.scmp.com/news/china/sci...s-are-extracting-uranium-seawater-faster-ever
From the article-Interesting. Can you copy and paste the guts of this. Have to pay for the article.
Nice.From the article-
How Chinese scientists are extracting uranium from seawater faster than ever
Chinese scientists say they have found a way to efficiently extract uranium – the heavy metal used to fuel nuclear reactors – from seawater using electricity.
- Team’s electrochemical approach is at least three times faster than existing methods, study finds
- China is building more nuclear plants than any other country, but relies on imports to fuel them
The team from Northeast Normal University in Changchun, Jilin province developed an electrode to capture the uranium through electrochemical reactions.
They say this is at least three times faster than existing methods, and is effective at shielding against impurities in the seawater – meaning it could be suitable for large-scale applications
China is building more nuclear power plants than any other country, but the country’s uranium ore is low grade so it relies on imports to fuel its reactors.
The ability to extract uranium from seawater could be a game changer for China’s – and the world’s – energy structure, and progress on the technology is closely watched by policymakers and the nuclear industry.
It has traditionally been extracted from terrestrial rock formations, but the finite nature of these deposits has led scientists to seek alternative sources of uranium.
Key among them is the oceans, which hold an estimated 4.5 billion tonnes of uranium – nearly a thousand times more than land-based reserves, according to the Nuclear Energy Agency.
Extracting Uranium from sea water has already been done, the Japanese worked out how to do it years ago, it was just that it was about 3 times more expensive.Nice.
Whether people love it, or hate it, currently it is the obvious answer in the heavy lifting energy category.
If China is really onto this and it isn't just another blue sky dreaming idea, then they will win the golden chalice IMO.
Time will tell.
In times of social unrest, many claims of wonderful technologies are announced, as countries try to apply pressure.
Energy is our most valuable commodity and whichever country comes up with the next phase in it's evolution, is the next major player.
The U.S and China are playing a game of who blinks first IMO .
Extracting Uranium from sea water has already been done, the Japanese worked out how to do it years ago, it was just that it was about 3 times more expensive.
But apparently the Chinese are working on a new faster and cheaper way.
Like I said :The USA is working on extracting Uranium from
Sea water too and have achieved it in a lab.
Well, I think I am a bit more optimistic about Australia’s futureLike I said :
Energy is our most valuable commodity and whichever country comes up with the next phase in it's evolution, is the next major player.
Australia is wallowing around in the childrens sandpit of wokeism and being hollier than thou, hopefully we get our $hit together before we have a population of 50million and a smaller economy than we have now, because we have sold off our resources to everyone cheap.
But my guess is we go down the toilet, as the rotating doors of political hacks go through to hopefully pick up a benefactor and a really good property overlooking Sydney harbour, then it's high fives all round.
Cynical? Maybe.
Has it happened? Yes often.
Is Australia on an upward trajectory, as @ IFocus would say Ye Nah
I would be, if I didn't have 4 kids and 8 grandkids and was living your life.Well, I think I am a bit more optimistic about Australia’s future
Hahaha, I imagine our conversation would go like this if we ever met on the street, me being Mr banks of course hahaha.I would be, if I didn't have 4 kids and 8 grandkids and was living your life.
That's why I drive a Hyundai Kona and you drive a Tesla, horses for courses.
In about 5 years time I'll probably have your outlook and will probably be driving the same car.
ATM the kids future is being trashed, in 5 years time I wont be able to change anything, while I can, I will try.
Australia is pandering to elites, who are living the dream, on the back of companies like FMG, RIO etc.
But it isn't sustainable and now they are starting to ramp up against Twiggy, who really is only trying to move Australia forward.
The problem is there is way too much old money buying up political mileage, to lead Australia down the gurgler IMO
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