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Uranium Bubble Of 2007
The uranium bubble of 2007 was a period of nearly exponential growth in the price of natural uranium, starting in 2005 and peaking at roughly $300/kg (or ~$135/lb) in mid-2007. This coincided with significant rises of stock price of uranium mining and exploration companies. After mid-2007, the price began to fall again and at the end of 2010, was relatively stable at around $100/kg. Causes The upward trend for the prices of uranium was already apparent since 2003. This prompted increases in mining activity. A possible direct cause for the bubble is the flooding of the Cigar Lake Mine, Saskatchewan, which has the largest undeveloped high-grade uranium ore deposits in the world. This created uncertainty about short-term future of the uranium supply. Other factors are speculation triggered by growing expectations around India and China's nuclear programs, and a reduction in available weapons-grade uranium. The bubble coincided with renewed discussions regarding a renaissance of nucl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exponential Growth
Exponential growth is a process that increases quantity over time. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself. Described as a function, a quantity undergoing exponential growth is an exponential function of time, that is, the variable representing time is the exponent (in contrast to other types of growth, such as quadratic growth). If the constant of proportionality is negative, then the quantity decreases over time, and is said to be undergoing exponential decay instead. In the case of a discrete domain of definition with equal intervals, it is also called geometric growth or geometric decay since the function values form a geometric progression. The formula for exponential growth of a variable at the growth rate , as time goes on in discrete intervals (that is, at integer times 0, 1, 2, 3, ...), is x_t = x_0(1+r)^t where is the value of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uranium
Uranium is a chemical element with the symbol U and atomic number 92. It is a silvery-grey metal in the actinide series of the periodic table. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons. Uranium is weakly radioactive because all isotopes of uranium are unstable; the half-lives of its naturally occurring isotopes range between 159,200 years and 4.5 billion years. The most common isotopes in natural uranium are uranium-238 (which has 146 neutrons and accounts for over 99% of uranium on Earth) and uranium-235 (which has 143 neutrons). Uranium has the highest atomic weight of the primordially occurring elements. Its density is about 70% higher than that of lead, and slightly lower than that of gold or tungsten. It occurs naturally in low concentrations of a few parts per million in soil, rock and water, and is commercially extracted from uranium-bearing minerals such as uraninite. In nature, uranium is found as uranium-238 (99.2739 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cigar Lake Mine
The Cigar Lake Mine is a large high-grade underground uranium mine, located in the uranium-rich Athabasca Basin of northern Saskatchewan, Canada, at the south-west corner of Waterbury Lake. The deposit, discovered in 1981, is second in size of high-grade deposits only to the nearby McArthur River mine. Other deposits, such as Olympic Dam in Australia, contain more uranium but at lower grades. History Full-scale construction began in 2005 with production originally planned for 2007, but the mine experienced a catastrophic water inflow in October 2006, which flooded the mine. A second inflow occurred in 2008 during the first attempt at dewatering the mine after sealing the initial inflow. Remediation efforts continued, and re-entry was successfully accomplished in 2010. Production was delayed several times with the startup dates being announced for 2011, 2013, and 2014. On March 13, 2014, ore production began at the mine, with the mining system and underground processing circ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saskatchewan
Saskatchewan ( ; ) is a province in western Canada, bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, to the northeast by Nunavut, and on the south by the U.S. states of Montana and North Dakota. Saskatchewan and Alberta are the only landlocked provinces of Canada. In 2022, Saskatchewan's population was estimated at 1,205,119. Nearly 10% of Saskatchewan’s total area of is fresh water, mostly rivers, reservoirs and lakes. Residents primarily live in the southern prairie half of the province, while the northern half is mostly forested and sparsely populated. Roughly half live in the province's largest city Saskatoon or the provincial capital Regina. Other notable cities include Prince Albert, Moose Jaw, Yorkton, Swift Current, North Battleford, Melfort, and the border city Lloydminster. English is the primary language of the province, with 82.4% of Saskatchewanians speaking English as their first language. Saska ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power In India
Nuclear power is the fifth-largest source of electricity in India after coal, gas, hydroelectricity and wind power. , India has 22 nuclear reactors in operation in 8 nuclear power plants, with a total installed capacity of 7,380 MW. Nuclear power produced a total of 43 TWh in 2020-21, contributing 3.11% of total power generation in India (1,382 TWh). 10 more reactors are under construction with a combined generation capacity of 8,000 MW. In October 2010, India drew up a plan to reach a nuclear power capacity of 63 GW in 2032. However, following the 2011 Fukushima nuclear disaster there have been numerous anti-nuclear protests at proposed nuclear power plant sites. There have been mass protests against the Jaitapur Nuclear Power Project in Maharashtra and the Kudankulam Nuclear Power Plant in Tamil Nadu, and a proposed large nuclear power plant near Haripur was refused permission by the Government of West Bengal. A Public Interest Litigation (PIL) has also been filed ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power In The People's Republic Of China
China is one of the world's largest producers of nuclear power. The country ranks third in the world both in total nuclear power capacity installed and electricity generated, accounting for around one tenth of global nuclear power generated. Nuclear power contributed 4.9% of the total Chinese electricity production in 2019, with 348.1 TWh. As of September 2022, China operates a total of 53 nuclear reactors, with a total capacity of 55.6 gigawatt (GW). This was short of the previous target of 58GW of installed capacity by 2020. More than 20 reactors are under construction with a total capacity of 24.2 GW. Nuclear power has been looked into as an alternative to coal due to increasing concerns about air quality, climate change and fossil fuel shortages. The China General Nuclear Power Group has articulated the goal of 200 GW by 2035, produced by 150 additional reactors. China has two major nuclear power companies, the China National Nuclear Corporation operating mainly in nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Megatons To Megawatts Program
The Megatons to Megawatts Program, also called the United States-Russia Highly Enriched Uranium Purchase Agreement, was an agreement between Russia and the United States. The official name of the program is the "Agreement between the Government of the Russian Federation and the Government of the United States of America Concerning the Disposition of Highly-Enriched Uranium Extracted from Nuclear Weapons", dated February 18, 1993. Under this Agreement, Russia agreed to supply the United States with low-enriched uranium (LEU) obtained from high-enriched uranium (HEU) found to be in excess of Russian defense purposes. The United States agreed to purchase the low-enriched uranium fuel. The original proposal for this program was made by Thomas Neff, a physicist at MIT, in an October 24, 1991 Op-Ed in ''The New York Times''. On August 28, 1992, in Moscow, U.S. and Russian negotiators initialed the 20-year agreement and President George H. W. Bush announced the agreement on August 31, 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Renaissance Of Nuclear Power
Since about 2001 the term nuclear renaissance has been used to refer to a possible nuclear power industry revival, driven by rising fossil fuel prices and new concerns about meeting greenhouse gas emission limits. In the 2009 '' World Energy Outlook'', the International Energy Agency stated that: A nuclear renaissance is possible but cannot occur overnight. Nuclear projects face significant hurdles, including extended construction periods and related risks, long licensing processes and manpower shortages, plus long‐standing issues related to waste disposal, proliferation and local opposition. The financing of new nuclear power plants, especially in liberalized markets, has always been difficult and the financial crisis seems almost certain to have made it even more so. The huge capital requirements, combined with risks of cost overruns and regulatory uncertainties, make investors and lenders very cautious, even when demand growth is robust.International Energy Agency, ''Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nuclear Power
Nuclear power is the use of nuclear reactions to produce electricity. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced by nuclear ''fission'' of uranium and plutonium in nuclear power plants. Nuclear ''decay'' processes are used in niche applications such as radioisotope thermoelectric generators in some space probes such as ''Voyager 2''. Generating electricity from ''fusion'' power remains the focus of international research. Most nuclear power plants use thermal reactors with enriched uranium in a once-through fuel cycle. Fuel is removed when the percentage of neutron absorbing atoms becomes so large that a chain reaction can no longer be sustained, typically three years. It is then cooled for several years in on-site spent fuel pools before being transferred to long term storage. The spent fuel, though low in volume, is high-level radioactiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2000s Commodities Boom
The 2000s commodities boom or the commodities super cycle was the rise of many physical commodity prices (such as those of food, oil, metals, chemicals and fuels) during the early 21st century (2000–2014), following the Great Commodities Depression of the 1980s and 1990s. The boom was largely due to the rising demand from emerging markets such as the BRIC countries, particularly China during the period from 1992 to 2013, as well as the result of concerns over long-term supply availability. There was a sharp down-turn in prices during 2008 and early 2009 as a result of the Financial crisis of 2007–2010, credit crunch and 2010 European sovereign debt crisis, sovereign debt crisis, but prices began to rise as demand recovered from late 2009 to mid-2010. Oil began to slip downwards after mid-2010, but peaked at $101.80 on 30 and 31 January 2011, as the Egyptian revolution of 2011 broke out, leading to concerns over both the safe use of the Suez Canal and overall security in Arabia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uranium Participation Corporation
Uranium Participation Corporation (UPC) () is a Toronto-based holding company investing nearly all of its assets in uranium, both in the form of uranium oxide () or uranium hexafluoride (), with the primary investment objective of achieving capital appreciation in the value of its uranium holdings. Structure The common shares represent an indirect interest in physical uranium owned by UPC. The mission of the corporation is to provide an investment alternative for investors interested in holding uranium. The structure of the corporation allows it to be purely a holding company play on uranium, with no operational details in its consolidated annual filings. Uranium Participation Corporation was incorporated on March 15, 2005. At least 85% of net proceeds of any equity offering were to be invested in uranium. The UPC buys and holds uranium assets and does not actively speculate on short-term prices. UPC was set up by Eric Sprott. UPC held a significant stake in Uranium One befor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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