Nuclear Energy, the State of the Uranium Markets, and More

This Monday, I met Malcolm Rawlingson, a nuclear engineer with over 50 years of experience in the nuclear industry. He got his degree in nuclear engineering at the University of London in the 1970s, and still works in the nuclear industry today.

Malcolm is a long time uranium investor, who visited Mike Alkin's uranium podcast in 2019. That podcast was called "A master class in uranium... and the best risk/reward setup I’ve ever seen".

When I asked Malcolm whether uranium is still the best risk/reward setup today, he said "it depends". Uranium, the metal, has already had quite a good run-up in the last 5 years. Malcolm thinks it could still go to $200/lb, but that doesn't mean you can just pick up any uranium stock. Malcolm even told me he doesn't like most companies.

In this conversation, we discussed different topics around uranium investing, as well as the current nuclear energy landscape.

Antonio Atanasov is not an investment advisor. Antonio Atanasov might own shares of companies mentioned in this publication. Companies mentioned in this video might be paying customers of Resource Talks. Always assume the speakers biased.

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Timestamps
00:00 Important note
00:40 Who is this nuclear engineer?
04:30 Why is nuclear energy a better solution?
06:00 What is the biggest problem with nuclear?
13:00 How high will uranium go during this cycle?
17:00 Why does uranium keep falling?
23:00 Why & when will uranium stop falling?
39:00 Is this the biggest bottleneck in uranium?
44:30 How long can utilities go without buying uranium?
49:00 Are uranium fuel rods expensive for utilities?
52:15 How much uranium does a new nuclear plant need?
56:00 Is uranium still the best risk/reward proposition?
01:05:00 Do small modular reactors matter for uranium?
01:14:00 Closing thoughts

Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.

Видео Nuclear Energy, the State of the Uranium Markets, and More канала Resource Talks