Electric power consumption in China is rising, especially in the summer months when heatwaves increase the use of air conditioning, leading to record levels of power generation.
As a world leader in solar and wind installations, China’s dependence on coal is also increasing. Last year, coal generated a record 5,760 terawatt hours of electricity. To address this problem, there is a need to fill the hole with cleaner nuclear energy.
This week, the Chinese government approved a record number of 11 nuclear reactor sites, according to state media, with a total estimated investment of at least $31 billion.
Shares of CGN Power Co. , the indexed subsidiary of state-owned China General Nuclear Power Corp, have risen 55% this year after receiving approval for six reactors, making it the beneficiary of the move. most recent initiative. Shares of China National Nuclear Corp, which won approval for three reactors, have risen 30% in the past six months. State Power Investment Corp, one of the nation’s largest power generation companies, announced that it has obtained approval for two units.
Coal still accounted for about 60% of China’s electricity supply last year, according to the China Electricity Council. In contrast, the country’s existing nuclear capacity, generated through 56 reactors, represented about 5% of total electrical energy demand.
Although China has faced less demanding situations in terms of nuclear expansion than many European countries, obstacles remain.
On the positive side, China has largely achieved self-sufficiency in the design and structure of its nuclear reactors. However, demanding situations persist in other areas of the chain of origin, particularly in fuel processing and radioactive waste management, where further infrastructure progress is required. In addition, there is an urgent shortage of professionals in the sector, with an estimated need of 6,000 professionals each year over the next decade, three times the number currently available.
Public opposition may be the biggest obstacle. After the Fukushima nuclear crisis in Japan in 2011, China experienced first protests against plans to build nuclear power plants, uranium processing facilities, nuclear waste treatment plants and even reactor component factories. In some cases, those protests were strong enough to prevent construction.
Concerns about seismic hazards and potential damage to the reactor are not unfounded; Giant earthquakes have occurred in the past. For example, a magnitude 7. 9 earthquake in the southwestern province of Sichuan in 2008 left around 90,000 people dead or missing.
Recent stocks of local nuclear plant operators reflect expectations for more approvals in the coming years.
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Overall increases for Deep Leads’ resources: quality, tonnage and target area ABx Group has reported a 30% increase in its mineral resource estimate (MRE) at Deep Leads’ rare ion adsorption clay (IAC) earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding in the 10-day area. Ford Company (Ford) signed a memorandum of understanding for around 25,000 t/year and last week, Hanwa, a Japanese commodity trader, signed a memorandum of understanding for up to 25,000 t/yr. Subject to execution, this is a feat as Ford and Hanwa are poised to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but should, if Ford and Hanwa inject new capital into LKE, further reduce the risk of project financing and thus ensure that LKE and Kachi are fully funded.
Two recent gravity studies have particularly exceeded expectations and revealed prospects for extension of the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade Tier 1 SOP production center around Lake Throssell.
TMG is currently completing work for the PFS planned in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and authorization activities. The effects of those systems will affect the PFS and any long-term resource updates.
The SOP reference values have increased to approximately $940/t due to recent geopolitical events. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% increased value effects in a $144 million NPV increase in the $364 million task NPV. The increase of approximately 70% compared to the scoping study implies a NPV allocation of approximately $1. 4 billion.
Despite the fall in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to show an improvement in its main indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company, founded in 2010 and indexed to the Australia Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors acting as legal advisors. Representatives. WTL in connection with its broker organization activities Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). He has approximately 275 advisers at over two hundred money advisory firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a full study report on ASX-listed biotech Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect found it imperative to publish a follow-up report that valued the company, as the market did not see the great prospects of eftilagimod alfa (efti).
This follow-up report is published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at AU$2. 20.