two items will we wait for news later this week.
The picture above from (https://www.visualcapitalist.com/cp/uranium-mining-industry-3-charts/)
"Global Primary Energy Production from Nuclear" is very interesting to see from a Miners perspective! The Primary Energy Production shown did plateau but not really decline from 1997 - 2022!!!
U308 used has been fairly consistent! The rumors of over supply and gluts of overproduction has less to Nuclear power facilities running down holdings of all areas in the fuel cycle.
2nd is eye watering in its scope and time frame!
"China eyes trillion-yuan output in civilian nuclear sector by 2025, with big industrial and economic gains
"
- China Nuclear Energy Association report outlines ambitions and hurdles facing an important driver of gross domestic product
- More investment and domestic innovation are needed to bolster China’s self-reliance in nuclear technologies, which are essential in many manufacturing advancements
Our partner CNNC almost got to sweep up the remains of almost dead PDN several years ago. A near death experience for some of us. Nice to see the Chinese strategy remains intact to significantly Grow it Nuclear power and with it its requirements for U308. CNNC and CNGP are clearly in need of a lot more with the rapid new building rate!
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