'The U.K. government has announced plans to reduce the UK's reliance on oil and gas by building as many as 8 new nuclear reactors, as part of its new energy
strategy. The aim is that by 2050, up to 24 gigawatts (GW) of electricity will come from nuclear - 25% of the UK's demand'
The government says it wants to deliver up to 8 reactors overall, with one being approved each year until 2030. Currently, 6 plants can supply about 20% of UK electricity demand, with 15% generated in 2020'
'Unlike fossil fuels, nuclear power stations do not produce greenhouse gases like carbon dioxide or methan - and 1 kg of nuclear fuel produces millions of times more energy than 1 kg of coal'
'The global copper industry needs to spend more than $100 billion to build mines able to close what could be an annual supply deficit of 4.7 million tonnes by 2030, Erik Heimlich, head of base metals supply at CRU said this week'
'Speaking at the 2022 CRU World Copper Conference held in Santiago, Chile, the analyst said the supply gap for the next decade is estimated at six million tonnes per year, as the clean energy and electric vehicles sectors ramp up'
This means the world would need to build eight projects the size of BHP’s Escondida in Chile, the world’s largest copper mine, over the next eight years...The market is also following closely what SolGold is doing with its Alpala copper-gold project in Ecuador #long
‘The Bank of Russia’s move to link the ruble to gold and link commodity payments to the ruble is a paradigm shift that the western media has not really yet been grasped. As the dominos fall, these events could reverberate in different ways. Increased demand for physical gold’
‘Blowups in the paper gold markets. A revalued gold price. A shift away from the US dollar. Increased bilateral trade in commodities among non-Western counties in currencies other than the US dollar’