Gordon Brown backs nuclear now and for the future.
In his first Prime Minister's Question Time Gordon Brown knocked back an attack on nuclear power from Liberal Democrat Leader Menzies Campbell. The Prime Minister said that the security of our future energy supply is best safeguarded by building new nuclear power stations.
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Uranium price dips slightly after staggering rise
The spot price of uranium fell back $3 on Wednesday, but this was the first significant dip after steady gains for nearly four years. Increasing speculation that a resurgence in nuclear energy and concerns over supplies has see the price of uranium rise almost tenfold to $135/lb.
Though there may be a small correction, no major reduction is expected. Despite these increases in the price of uranium the cost of nuclear power has hardly been affected, because nuclear power stations use so little fuel the cost of uranium is only a small part of overall generation costs.
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Nuclear Report's Arguments "Fatuous"
The conclusions of the Oxford Research Group "Too Hot to Handle? The Future of Civil Nuclear Power" report has been described as 'fatuous' by a senior industry expert.
The report suggested that the fact that France 'only' built around 3-4 reactors a year during its peak build phase meant that the world couldn't build 4 a month, which would be needed if nuclear energy were to supply a third of electricity by 2075. However, that's comparing the build rate in one country France to the potential build rate across the world. If you consider the larger population of OECD countries the reactor build rate could be easily achieved.
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