UEC management indicates a positive market outlook:
World Nuclear Power Factors:
- 47 Reactors Connected in world in past 7 Years,
- 54 Reactors Under Construction around the world,
- China announced that it is likely to triple nuclear power capacity by 2030 and reducing coal production,
- India plans for 21 new nuclear reactors by 2031,
- U.A.E. completing construction on 4 units,
- U.K. upgrading nuclear fleet to new advanced reactors,
- Russia is building 36 reactors in China, India, Bangladesh, Turkey, Egypt, Iran, Finland, Belarus, Slovakia, Armenia, Uzbekistan and Hungary, and
- U.S. is completing two new AP-1000 reactors in Georgia
✓ Demand Growth – Global nuclear energy generation has recovered to pre-Fukushima levels,
✓ Under-investment and Supply Cutbacks – Kazakhs, Cameco, Orano, and others, resulting in significant primary supply deficit,
✓ Lead Time to Advance Large New Mines can be 7 to 10 years (or longer), approx. $60/lb + incentive price,
✓ Accelerated Market Re-Balancing – Growing primary production shortfall exists. COVID-19 is accelerating a balancing with a -7M lbs./ month impact,
✓ Utility Procurement Cycle Looming – “New” fundamentals have not been tested re long-term contracts,
✓ Speculative Interest in Physical – Throwing “gasoline on the fire”,
✓ Upward Volatility in Uranium Price is Inevitable – despite pullbacks, and
✓ U.S. production in 2019/2020 expected to be < 1% of U.S. reactor needs – 2020 production expected to be essentially zero – the US is now totally dependent on
imports and inventory
Small Modular Reactor (SMR): An Important Emerging Market
SMR global market: 65-85 GWe added by 2035 – small scalable reactors:
- Size: 5 up to 300 MWe
- Simpler design - lower capital and operating cost
- Cost competitive with natural gas
Western U.S. utilities planning for 12 of the NuScale Power SMRs to be in commercial operation by 2025
Managed & Built by I2M Consulting, LLC | © 2010-
