cross-posted from: https://lemmy.ml/post/2660270
source https://markets.businessinsider.com/commodities/uranium-price
That was last updated in June though?
Yeah, so it’ll be interesting how much that’s going to shoot up this month now that Niger officially stopped exports.
Yeah, that’ll be interesting. I wonder if they will export to non-NATO countries or if they will stop completely
Yeah Russia (Wagner) will want to utilise the Niger conflict to their benefits and the energy war with the West.
https://edition.cnn.com/2023/07/29/africa/prigozhin-niger-coup-wagner-intl/index.html
🤨
if you look at the linked graph, the last step is three months while the rest are mostly a few days
this has to be some bug, they can’t be this awful at making graphs
Oh maybe a bug, I didn’t even notice initially.
it certainly misrepresents the data, although I suspect there will be a sudden spike in prices soon
Yeah same, Niger is a major uranium producer and the other big one is Russia. Both of them being on bad terms with the west is definitely going to be a problem for France where 75% of energy production comes from nuclear.
This is actually a great practical example of the societal issue with nuclear energy as opposed to green/renewable that Reddit techbabies don’t seem to get. If the power plant still requires raw materials looted from foreign lands, with all the ecological and humanitarian problems of modern mining operations, then it’s still noxious to humanity even if it emits less carbon. They can only be self-sufficient or secure if the entire chain is within your national borders, which is very difficult for tiny bourgeois countries like France.
Not to mention how long it takes to put a new nuclear plant in operation compared to wind mills, and at that point you’re better off with hydroelectricity and keeping coal as an emergency grid in case of droughts.
I can’t help but notice the y axis range is only from $50-$56, significantly exaggerating the appearance of that increase
