In the wake of Russia's failed coup, it's suggested that investors sell commodities like gold, nickel, cobalt, platinum, palladium, and aluminum, as prices may fall with the potential end of the war.
and more than double last year's excess of 105,000 tonnes. That revised figure is also way higher than the group’s last forecast in October when it expected the surplus to clock in at 171,000 tonnes in 2023.
Russia’s state-owned Rosatom currently accounts for 35% of global uranium enrichment. The West remains heavily reliant on Russian uranium: the U.S. imported about 14 percent of its uranium and 28 percent of all enrichment services from Russia in 2021 while the figures for the European Union were 20 percent and 26 percent for imports and enrichment services, respectively.
Countries feeling the heat from the energy crisis most keenly have been restarting mothballed nuclear plants and/or extending the life of existing ones. For instance, France has promised to to avoid a power crunch during winter while Germany is seriously considering doing a u-turn on its nuclear phaseout. Germany decided to stop using atomic energy in 2011, with the last remaining plants set to be closed in the current year.
About 70% of the cost of Chinese reactors are covered by loans from state-backed banks, meaning dramatically lower costs. In fact, Francois Morin, China director at the, says China can generate nuclear power at just $42 per megawatt-hour thanks to the low 1.4% interest rate on loans for infrastructure projects, making it far cheaper than coal and natural gas in many places.
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