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Uranium resurgence

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Sean K said:
19 reactors under construction. But Bowen said it’s too expensive. These Indians must be pretty dumb.
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I reckon the Indians are simply paying Indian labour rates to build them, that's their magic secret.

For something that requires serious labour input, that gives an advantage to low labour cost countries in building them as with any major project. :2twocents
 
Sean K said:
19 reactors under construction. But Bowen said it’s too expensive. These Indians must be pretty dumb.
Click to expand...
Plus the Indians need to expand their nukes strike force greatly and they do not have enough coal or gas..
1.4 billions with not much vs 30 millions with centuries of resources in the ground.
When **** hits the fan,and power is on only 4h a day ,all the BS about stopping coal and gas , green energy in a bankrupt economy will quickly stop..as they did last year in Germany....
Question is are the greens and other dimwits going to blow the old plants or are we going to be wiser?
I tend to know the answer..as for nuclear power here, not sure we will be able to even maintain nuclear reactors within 30y...
 
Smurf1976 said:
I reckon the Indians are simply paying Indian labour rates to build them, that's their magic secret.

For something that requires serious labour input, that gives an advantage to low labour cost countries in building them as with any major project. :2twocents
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Yeah, but they're being built in high labour cost countries too, so there's something missing.
 
Sean K said:
Yeah, but they're being built in high labour cost countries too, so there's something missing.
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There are quite a few in the US, new and old.

I believe with nuclear power that it takes a long time to plan and build and its very costly to run. The plants are very labour-intensive, as in they need a lot of experienced people to run them in the service field.
 

This mothballed nuke plant is Washington’s weirdest movie set - Beyond Abandoned​


In 1983 - drowning in debt - the Satsop Nuclear Power Plant was mothballed before it could even open for business.
Tearing it down would have been too expensive so it still stands today - in all of its post-apocalyptic glory. The plant’s two cooling towers are clearly visible from Highway 8 as it passes Elma. What you can’t see from the highway is the thriving complex of office buildings located at the base of the towers. The power plant part might be defunct, but don't be fooled. This place is open for business.
 
Uranium has rocketed in price and all involved should eventually do well. Unless someone blows up a Nuclear Power Station. That does remain a possibility though America appears to be moving to preferring a stalemate in Ukraine and just perhaps preferring a Donald Trump-style agreement fudge. China will probably go for this as all the rhetoric back and forth with America including Taiwan is America wanting to secure their position there in yet another fudge. The likes of Warren Buffet's Berkshire Hathaway have Insurance coverage all over the globe so business appears to be the factor.

Anyway, Uranium will have its day in my view until all the mothballed mines and tenements open up. China continues to build Power Stations using coal so America will be happy with that really despite allowing criticism. So Uranium will become too expensive when it hits somewhere between $150 and $200 then an eventual collapse will happen.
 
Sean K said:
Yeah, but they're being built in high labour cost countries too, so there's something missing.
Click to expand...

Take a look at all nuclear power stations in the world and pretty much all of them were either built directly by government, were underwritten by government, or were built by a private owner who was protected from competition by government. As a free market thing, there aren't too many of them.

So if the intent is to try and forecast long term use of nuclear and demand for uranium, it's government policy you need to watch far more than it's anything market related. Governments, not business, make not all but the vast majority of the key decisions in this industry.

I'm deliberately avoiding comment on politics there. Just noting that it's a political decision to use nuclear energy, it's generally not something driven by market forces alone, so it's politics you need to watch if you're looking at where it's going on the nuclear power use / uranium demand side of the equation. :2twocents
 
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Sean K said:
I tried to go to the linked linked links but then I had to pay to see whatever it was.

Summary?
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Actual cost now planned to be: 35 billions pound 2015..vs initial budget.
A 18 billions USD budget overblown..at least...and years and years of delay
Remember that these countries have qualified workers and companies, that they already have trucks and trains able to transport nuclear matters..the procedures, the physical items, the science and know how..same for testing and regular running of these plants...
Starting anew would conservatively cost us probably a trillion AUD and 30year for the whole setup and a plant in each main state: WA, SA,Vic, NSW and Qld
Whereas we have perfectly available ample domestic supplies of coal available..
If the whole world goes nuclear for energy independence or nuke ..so what?our own coal will be even cheaper..which I doubt
By that time, the CO2 creating GW will be debunked at least in the decisional sphere..you can not hide real science for too long as reality tends to hit back.
And with a bit of luck, fusion or thorium nuclear plant will be mature and we can start anew without competitive disavantage...
But I know it will not happen ,soup throwers in the Louvres or poor Greta know better.
This is the uranium thread, I am invested as well. Until the next incident, I see the Pou going higher and higher but its price basis will remain extra demand for strategic reasons and geopolitical issues more than the need to boil giant kettles
 
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