Uranium 101: Understanding Just How Big & Where Demand Comes From
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- Опубліковано 21 жов 2024
- Interview with Siobhan Lancaster, CEO/MD of 92 Energy Ltd.
Our previous interview: www.cruxinvest...
Recording date: 11th October 2023
We're glad to have Siobhan Lancaster again this time to discuss the global demand for uranium. Siobhan provides an overview of where current nuclear power production comes from, with the US as the largest producer followed by China and France, and notes that most major nuclear power producers are not significant uranium suppliers themselves.
Factors driving increased demand for nuclear power are discussed, including energy security, affordability compared to alternatives like gas, small footprint, and new small modular reactor (SMR) technologies. They examine nuclear growth forecasts, arguing the World Nuclear Association's projections are conservative given the potential for rapid SMR adoption. Key countries covered include the US, which has bipartisan support for extending the lifespan of reactors and developing SMRs; China, which plans to greatly expand its reactor fleet; Japan, restarting reactors post-Fukushima; and new entrants like Saudi Arabia.
Siobhan concludes that nuclear demand is likely to exceed forecasts and highlights the crucial significance of uranium within the context of nuclear energy.
View 92 Energy Company Profile: www.cruxinvest...
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Matt, May God heal you quickly. We need you.
Thank you Siobhan, very informative!
Thank you for your kind words, Jacques. I am now back to full health.
Hey !
Don't forget us in the UK , we are producing Nuclear power too (approx 15%)😊
Expanding our fleet too with HPC and Sizewell in the pipeline 💪
I’m in Australia & it is embarrassing how our government is ignoring what is best for our country. They are greatly influenced to do the opposite of what we need such as (green energy + subsidies ) immigration, growing government, dividing our people with ( the voice referendum), taking advice from WHO, UN, WEF. All these need to stop.
The exact same BS is happening in Canada and people are getting fed up! But clearly that’s not enough…
@@peterhodge293hahaha I was going to say the same thing.
The green extremists in Australia don't want us using coal or oil for energy. They're gas. And they say no to nuclear. It doesn't leave much! We're supposed to install enough batteries to store power generated from solar and wind. It's absolutely absurd.
Limits of chemistry, physics and magical thinking will become great suffering and depopulation. That’s the goal. These greens are pro death for you.
My thanks to Crux for the energy show and having 2 very knowledgeable experts on weekly, Siobhan and Brandon.
Stopped watching all the other talking heads
Happy the way the overall nuclear industry is heading for my portfolio.
Looking forward to the M&A discussion.
A great summary of the benefits and growing demand for nuclear power along with the geopolitical component. Thanks to you both (especially battling colds 👊🏻).
Interesting to see where 92E got their name from 👍
Will SMR make a significate difference to future demand, I assume this will replace renewables in there replacement cycle?
Yes. First SMR RFP already in market. They need a decade(s) fuel at first. Probably keeps the the supply demand gap open until after 2030
Why would Japan doubt its nuclear future because an accident? Lots of accidents in powerproduction that never gets a single second of attention - and why would it, it's just life - so why should nuclear power plants?
(one little example is the 250,000 thousand people that died in china in the 70s when a hydroelectric dam collapsed - should we talk about not having hydroelectric dams?)
DONT FORGET AUSTRALIAN JUNIOR URANIUM MINERS
its just an astounding piece of political propaganda work to have pushed this little and quite insignificant trace gas (CO2) on to the political center stage! Madness but impressive work!