Post by
Clemxb7 on Dec 21, 2023 5:51pm
Takes .00681 lbs U308 to generate 1 megawatt
At the current price of $90 /lb it takes $90 x .0068 = $.61 worth of uranium to generate 1 megawatt Electricity.
Current US wholesale electrcity rates depend on area seem to average $40 - $80 with short term spikes to $150 / megawatt.
So if Uranium doubles from here it would add approximately $.61 to the cost of producing a megawatt or about 1% of the cost.
Seems logical a rising price of Uranium won't cause demand destruction in the same way other commodities are affected.
A lack of supply vs rising demand with no demand destruction.
it's just my opinion though I won't be surprised if Uranium doubles in 2024 from $90. Unless some unknown large supply materializes (eg. China stockpiles?) what will hold the price down?