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by Maursault 2085 days ago
Looks like I was simplifying. Uranium prices peaked around 2010 for $135/lb., and today is only $35/lb. The break even point for mining uranium is about $50/lb. So the problem in 2010 was that uranium was crazy expensive, but the problem today is it is so cheap, it can't be mined for profit.

But you raise a decent point about what metric we should choose... I meant the cost of the stuff, but there are other metrics, such as clean up costs, because mining uranium is not clean. There is also a human health cost to populations within the proximity of the uranium mine.

French electricity is likely cheap because the French tax payers already picked up the cost of constructing spent fuel storage facilities and power plant construction, and they will ultimately shoulder the burden of the cost of decommissioning. This is just an educated guess, because that is usually how nuclear economics work. Otherwise, the investors that run the plants and sell the electricity would not be interested.