War: Uranium conflicts are inevitable

Vitaliy_Kiselev

The great energy crisis in China has accelerated decision-making on the future of nuclear power. The new plan calls for the construction of 150 new nuclear reactors in the country over the next 15 years. This inspired mining companies around the world, but immediately led to signs of uranium shortages. In fact, China will double the number of nuclear reactors built worldwide since the 1980s.

https://smallcaps.com.au/china-supercharge-uranium-race-150-new-nuclear-reactors/

On Tuesday, in a televised address to the nation, French President Emmanuel Macron announced plans to build new nuclear power plants in the country. The announcement was made five months before the next presidential elections in France and can be considered part of Macron's new election program. When taking office earlier, he promised to reduce France's dependence on nuclear power plants from 75% to 50% by 2035. But in recent months, everything has changed.

Big issue with all this plans is that we don't have enough uranium for them.

hardimpact

thorium?

Vitaliy_Kiselev

According to the plans for the development of the Chinese economy, by 2035, the country's nuclear power plants will require 35 thousand tons of uranium annually. With such a consumption of raw materials, China's own uranium reserves will only last for 5 years.

Therefore, Chinese scientists turned their attention to the seas and oceans, in the waters of which 1000 times more uranium is dissolved than it can be found in the bowels of the Earth.

Vitaliy_Kiselev

And EU wants to join

The EU countries must attract about € 500 billion in investments by 2050 to ensure the construction and operation of new generation nuclear power plants (NPPs). This was stated by European Commissioner for Internal Market Thierry Breton in an interview with the newspaper Le Journal du Dimanche, published on Sunday.

“To achieve carbon neutrality, we really need to move to the next level in decarbonized electricity production in Europe, given that the demand for electricity will double in thirty years! ...

"The existing nuclear power plants alone will require € 50 billion in investments by 2030 and € 500 billion by 2050 for new generation reactors! That is, these efforts will require about € 20 billion annually," he said. In this regard, Breton recalled that the European Commission is in favor of including the nuclear industry in the so-called green taxonomy - part of a European deal aimed at developing sustainable financing and a low-carbon economy in Europe.

Vitaliy_Kiselev

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