Recent developments in the uranium space rose to a crescendo recently when the US Department of Energy’s NFWG report outlined some policies to help resurrect America’s competitive nuclear energy advantage.
As a consequence, uranium investors have been left pondering their own positions. A common question regards timescales: when will this document become an effective catalyst of the American uranium industries rise back to prominence? It has already had something of an impact, with uranium securities rallying and the spot price of uranium making a gradual but definitive comeback.
However, when will America be able to elucidate to the market with genuine confidence a commercially viable technological solution to the uranium production conundrum?
This topic was explored in-depth by Crux Investor’s very own uranium expert, Brandon Munro, in a recent interview with us.
Matthew Gordon interviews Brandon Munro, 15th May 2020
Reasserting Strategic Dominance
The case can certainly be made that America is heading back to the table already. While many of the technologies in the States have struggled to prosper commercially, they have continued to be pushed forward and developed as private enterprises.
This is exemplified by the current situation in Australia: the nuclear power debate is totally restricted to SMRs only for several good reasons. There is one SMR reactor that appears to have the greatest chance of capturing the SMR debate because its audiovisuals are superior and it is the most advanced. This is a clear frontrunner. There are other competitive reactors that require consideration too; Bill Gates has utilised his huge profile to capture some imagination from those involved in the debate for his particular reactor product.
The main thing that has been slowing down the growth of the US uranium industry is the lack of availability when it comes to reactor sites. However, the government is now addressing this; they do not require money to the same extent to do this. It’s also not such a big issue for China and Russia. China has already selected a couple of site for theirs.
I think it is going back to the table already. If you look at some of the technologies that have continued in the meantime, they have continued to maybe not prosper, but they’re certainly as private enterprises, continued to push forward. And we’re seeing that, for example, in Australia where the nuclear power debate is fully restricted to SMRs-only, for a couple of probably pretty good reasons. And there’s one SMR reactor that had the best chance of, I think capturing the debate here because its audio visuals were superior, and it was the most advanced. And so, they’re definitely a front runner, but there are others as well. And of course, Bill Gates has used his profile to capture the imagination for their particular product.
What was slowing the US down was predominantly the availability of sites. And they are addressing that. They don’t need money to the same extent to do that. And that’s not such a big issue for China and Russia. And for example, China has already selected a couple of sites for their reactors.
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