nuclear-news

The state of Uranium

The state of Uranium The Financial Times Alphaville   Feb 06  Gregor Macdonald “…………………Now spot uranium prices have fallen to the $50 level. Alas, the uranium supercycle proved all too cyclical………………………………..

The global recession meanwhile is presenting a rather obvious problem to any new price advance. Power generation in both the OECD and in Asia is currently being served with much cheaper coal and natural gas. With industrial demand for power down notably in China and the US it’s become opportune for a number of nuclear generators to go offline for maintenance.

In addition, construction costs for new plants have skyrocketed. Some recent studies have also suggested the energy return on investment for new nuclear, after construction time and materials, may actually take years. In this regard nuclear power has been somewhat hurt………………

Tags: Ambassadorto address U.S. foreign policy, nuclear disarmament

February 7, 2009 - Posted by Christina Macpherson | business and costs