Hi everyone,
Yesterday was an eventful day in the nuclear/uranium sector:
1) Japan restarts of an additional 7 reactors in 2023!
“Japan is planning a dramatic shift back to nuclear power more than a decade on from the Fukushima disaster, aiming to restart a sweep of idled reactors and to develop new plants using next-generation technologies.
Japan wants to restart seven more nuclear reactors from next summer onward, Kishida said at a government meeting on “green transformation.” That would bring the number of reactors brought back online after the 2011 Fukushima catastrophe to 17 out of a total 33 operable units.”
2) Japan resuming the production of nuclear fuel because they are fuel inventories are running low!
https://mobile.twitter.com/derekquick1/status/1562286740781481985
3) A day earlier a post on twitter with parts of the 1H 2022 report of Urenco comfirmed that the underfeeding is getting in full speed.
From Urenco enrichment company limited:
https://twitter.com/quakes99/status/1561832740583981056?cxt=HHwWgICq0cim36wrAAAA
In 6 months time they already got more orders (11,300) than entire years 2019 (10,600), 2020 (9,000), 2021 (8,700) …
This confirms the rush on the scarce enrichment services (SWU) and that overfeeding is happening soon, if not already.
4) India plans to produce an additional nuclear power plant.
India’s largest power producer is looking to develop another massive nuclear project just weeks after announcing its entry into the sector, a sign that Prime Minister Narendra Modi’s expansion into atomic energy is gaining momentum.
5) China begins mass production of its Hualong-1 nuclear power units
“Speaking at the opening ceremony of the 29th International Conference on Nuclear Engineering (ICONE), Tang said that, as of June this year, China had 54 nuclear power units in operation, and 23 were under construction.”
6) Here are a couple uranium stocks:
Take time to do your own DD.
If interested:
a) Sprott Physical Uranium Trust is an investment in physica uranium without being exposed to the mining risks
Based on the global production cost curve analysis we know that 80 USD/lb will be needed to get back in equilibrium a couple years later. Today we are in a significant shortage.
In May Cameco was very clear: “If the utilities want us to restart our uranium mines in USA we will need a price of 80 USD/lb and higher”
https://twitter.com/quakes99/status/1532813378166566912
b) Yellow Cake is also an investment in physica uranium without being exposed to the mining risks
Yellow Cake (405 GBPp) still trades at a discount over NAV of ~7%
https://mobile.twitter.com/Napalm_1_/status/1562715042604142592?cxt=HHwWgMCi-abD8K8rAAAA
c) Sprott Uranium Miners etf (URNM etf): well diversified 100% uranium sector etf
https://sprottetfs.com/urnm-sprott-uranium-miners-etf/
d) Individuel uranium company stocks: Cameco, Kazatomprom, Paladin Energy, Global Atomic, UR-Energy, …
Note: I couldn't insert pictures, so I worked with internet links with more detailed information.
Cheers
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