It seems like all uranium news lately is bad news.
Anti nuke mayor elected to Tokyo will probably end up shutting down the one reactor going in the country.
The Diablo plant closing prmaturely in California and other plants in the USA considering closing early too, Indiana and New York and probably elsewhere. Nuclear needs tax credit for the fact it produces no Co2.
Supposedly the us department of energy has dumped 1 billion worth of uranium on the market since 2011.
Good News:
Reactor in Japan will seek to go online as early as mid August.
Discovered that Japan protects base load power like nuclear. Base load gets first dibs at the grid and then renables like wind and solar do -- which is the opposite of the USA and part of the reason nuke plants in the USA (the freaking biggest nuke market ahhh) are taking such big losses.
Other:
Listened to Camecos quarterly report on Friday. They said they have no idea how long low prices with persist. They think it all hinges on Japan. As long as Japan is offline utilities feel no pressure to enter long term contracts, and so price does not go up. But this also means new supply is not being created and it takes 10 years to go from start to finish with a uranium mine -- so long term could be very bright but short to mid term could be ugly.
It does make me wonder which uranium companies are good candidates to survive if prices don't turn up until the long term.
It seems like all uranium news lately is bad news.
Anti nuke mayor elected to Tokyo will probably end up shutting down the one reactor going in the country.
The Diablo plant closing prmaturely in California and other plants in the USA considering closing early too, Indiana and New York and probably elsewhere. Nuclear needs tax credit for the fact it produces no Co2.
Supposedly the us department of energy has dumped 1 billion worth of uranium on the market since 2011.
Good News:
Reactor in Japan will seek to go online as early as mid August.
Discovered that Japan protects base load power like nuclear. Base load gets first dibs at the grid and then renables like wind and solar do -- which is the opposite of the USA and part of the reason nuke plants in the USA (the freaking biggest nuke market ahhh) are taking such big losses.
Other:
Listened to Camecos quarterly report on Friday. They said they have no idea how long low prices with persist. They think it all hinges on Japan. As long as Japan is offline utilities feel no pressure to enter long term contracts, and so price does not go up. But this also means new supply is not being created and it takes 10 years to go from start to finish with a uranium mine -- so long term could be very bright but short to mid term could be ugly.
It does make me wonder which uranium companies are good candidates to survive if prices don't turn up until the long term.