Reading between the nuclear lines

March 3, 2022 Leave a comment

“Russia produces about 35% of the world’s enriched uranium for reactors, about twice as much as the No. 2 provider, and supplies about 20% of the U.S. industry.”

https://www.bloomberg.com/news/articles/2022-03-03/russian-sanctions-pose-risks-to-u-s-nuclear-power-industry?sref=qLOW1ygh

In dollar terms, South Korea, France, China, Sweden and the United Kingdom are amongst the larger importers of U-235 enriched uranium plutonium compounds.

France derives 70% of its electricity via nuclear power.

Can you see why Macron is ‘staying in touch’ with Putin prior and during the Russian/Ukraine war?

March 3, 2022

by Rob Zdravevski

rob@karriasset.com.au

#variables

Filed under Finance & Investment Tagged with , ,

Take your pick – Thorium or Uranium

July 28, 2021 Leave a comment

While I have hinted that I am bullish on nuclear energy and uranium……I have been an avid watcher of thorium which has been seen as a nascent alternative but in truth it has existed for some time. Its evolution has been retarded for a host of political and capitalist reasons.

An extract from this article says, “China has some of the world’s largest reserves of thorium, a silvery metal with weak radioactivity. By some calculations it has enough to meet the country’s energy needs for at least 20,000 years. By contrast, China has some of the lowest uranium reserves of any nuclear-capable country”.

https://www.neimagazine.com/news/newschina-moves-forward-with-thorium-molten-salt-reactor-8919220

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