Energy From Thorium Discussion Forum

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PostPosted: Feb 05, 2011 12:09 pm 
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Uranium prices are up again. Impact on levelised cost is tiny but this will be good for continued exploration and improved mining.

http://www.u3o8.biz/s/Home.asp


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PostPosted: Jan 03, 2017 8:29 pm 
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Uranium Is Searching For A Bottom

My, how things change...


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PostPosted: Jan 06, 2017 9:31 am 
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Uranium world's worst commodity in 2016

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No major commodity had a worse 2016 than uranium. In fact, the element used to make nuclear fuel has had a pretty dismal decade. Prices tumbled 41 per cent last year, touching a 12-year low below $US18 a pound in November, according to Ux Consulting, which compiles market data.


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PostPosted: Jan 07, 2017 3:34 am 
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We''l just have to make up for the low prices with volume. Right?

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Disclaimer: I am an engineer but not a nuclear engineer, mechanical engineer, chemical engineer, or industrial engineer. My education included electrical, computer, and software engineering.


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PostPosted: Mar 30, 2017 4:55 pm 
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A good time to buy some U or U stocks then!


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PostPosted: Mar 30, 2017 5:34 pm 
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I was quite amazed by the news that a new uranium mine will be opened in western Europe this year or next year, the so-called Salamanca uranium project, near the Spanish-Portuguese border:

http://www.world-nuclear-news.org/UF-Sa ... 10168.html

The last uranium mine in western Europe closed in the beginning of this century, in the Limousin region of France, if my information is correct. The French even built a museum as remembrance:

http://www.ureka.fr/en/

Perhaps the mine can be reopened and the museum be closed, if uranium prices climb again, one day....


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PostPosted: Mar 31, 2017 12:23 am 
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To encourage nuclear energy, we should perhaps standardise the fuel to three types of pins.
A. Natural uranium
B. 20% LEU
C. Thorium
Fuel for any reactor could be assembled from these.
If the plutonium is later recovered from reprocessing widely, it could replace 20% LEU.


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PostPosted: May 11, 2017 3:29 pm 
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Areva leaves Nunavut after uranium project rejection


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PostPosted: Jul 03, 2017 9:47 pm 
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US uranium production, prices and employment decreased in 2016

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Production remained low in 2017, totaling 0.45 million pounds during the first quarter. If production remains at its first-quarter level for the rest of the year, annual production would be the lowest since 1952.

Falling uranium prices has impacted the production of uranium. Spot prices fell from $34 per pound (lb) in January 2016 to $18/lb in November, the lowest uranium spot price since May 2004. Prices have stayed below $25/lb so far in 2017.

Uranium market employment data, which includes exploration, mining, milling and processing, and reclamation activities, has correlated closely with changes in uranium prices. In 2016, uranium industry employment fell to 560 employees, the lowest number since 2004.

Employment peaked in 2008 with 1,563 employees. Employment levels then began generally to decline as uranium prices fell and have consecutively for the last four years.


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PostPosted: Jul 05, 2017 6:30 am 
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That's an amazing low employment number for a major energy industry! Can't believe it's only 500 people. Even 1500 is nothing for an industry that supplies a signficant fraction of global energy supply.

Just goes to show how energy dense this energy source is.


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PostPosted: Jul 06, 2017 12:55 am 
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I guess the problem now is excessive cost, time and manpower being spent on regulation of nuclear energy. The old nuclear states should stop hindering the new ones by NSG and NPT. In a generation,s time, a new nuclear economy should develop.
The old nuclear should help in the process by training, new students and liberal transfer of technology, leaving the new free to amend it to their own benefit.


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PostPosted: Nov 10, 2017 8:35 am 
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Cameco Shuts Down The World's Largest Uranium Mine


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PostPosted: Nov 11, 2017 11:54 pm 
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I guess that China and India, who are building reactors should buy and stock up.
Enrichment prices are also low. 20% leu could be stocked up to blend with thorium to get maximum energy from same amount of uranium.
With low fuel prices, richer fuel and thorium in bundles could be used to produce U-233, the better fissile for reactors. It could later be used for lifter too.


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