Search Results (13)

This review examines the renewed strategic relevance of uranium within the evolving global energy system, emphasizing uranium market dynamics, emerging nuclear technologies, and geopolitical realignments. Moving beyond traditional perspectives that treat uranium primarily as a cyclical commodity or focus narrowly on reactor design, the article frames uranium as a critical strategic resource at the intersection of energy security, decarbonization, and industrial transformation. The analysis integrates market fundamentals with technological developments, particularly small modular reactors (SMRs) and advanced high-temperature reactor systems, and regional policy strategies to provide a holistic perspective largely absent from the existing literature. Quantitative evidence indicates a structurally tightening uranium market, with global reactor demand of approximately 67,500 tU per year and mine production historically meeting only 74–90% of annual requirements. Uranium prices have rebounded from below $20 lb⁻¹ U₃O₈ in 2016 to above $80 lb⁻¹ by late 2023, reflecting supply concentration, long development timelines for new mines, and renewed political commitments to nuclear energy. Demand projections suggest an increase of around 28% by 2030 and the potential for a doubling by mid-century under high-nuclear deployment scenarios. From a technological perspective, while SMRs and advanced reactors may increase uranium consumption per unit of electricity, they substantially expand nuclear energy deployment into new domains, including remote power systems, industrial heat applications, and large-scale low-carbon hydrogen production. Overall, the study highlights a qualitative shift in uranium’s role, positioning it as both a foundational component and a key enabler of integrated low-carbon energy systems spanning electricity, heat, and hydrogen production. Full article

Using high-frequency financial data, this study investigates volatility spillovers between five renewable energy subsectors (wind, solar, geothermal, bioenergy, and fuel cells), five conventional energy markets (oil, gas, coal, uranium, and gasoline), and carbon emissions for five industrial sectors (power, industry, ground transportation, domestic aviation, and residential) based on a Diebold–Yilmaz VAR-based spillover framework. The results document that the industry and power sectors are the key players in the transmission effects of carbon shocks. In contrast, the reverse is true for the residential and aviation sectors. For renewable energy, fuel cells, and geothermal power, strong forward linkages appear to significantly reduce carbon emissions, while reverse linkages that increase carbon emissions in response to shocks in clean-energy and carbon-intensive industries are relatively high for coal and oil. We also find that the total volatility connectedness exceeds 84%, indicating significant systemic risk transmission. The clean-energy subsectors, particularly wind and solar, now compete in fossil-fuel markets during geopolitical crises. Applying the DCC-GARCH t-copula method to assess portfolio hedging strategies, we find that fuel cell and geothermal assets are the most effective in hedging against volatility in fossil-fuel prices. In contrast, nuclear and gas assets provide benefits from diversification. These results underscore the growing strategic importance of clean energy in mitigating sector-specific emission risks and fostering resilient energy systems in alignment with the United States’ net-zero carbon goals. Full article

This paper presents a techno-economic assessment of liquid hydrogen produced from small modular reactors (SMRs) for maritime applications. Pink hydrogen is examined as a carbon-free alternative to conventional marine fuels, leveraging the zero-emission profile and dispatchable nature of nuclear energy. Using Greece as a case study, the analysis includes both production and transportation costs, along with a sensitivity analysis on key parameters influencing the levelized cost of hydrogen (LCOH), such as SMR and electrolyzer CAPEX, uranium cost, and SMR operational lifetime. Results show that with an SMR CAPEX of 10,000 EUR/kW, the LCOH reaches 6.64 EUR/kg, which is too high to compete with diesel under current market conditions. Economic viability is achieved only if carbon costs rise to 0.387 EUR/kg and diesel prices exceed 0.70 EUR/L. Under these conditions, a manageable deployment of fewer than 1000 units (equivalent to 77 GW) is sufficient to achieve economies of mass production. Conversely, lower carbon and fuel prices require over 10,000 units (770 GW), rendering their establishment impractical. Full article

Long-term exposure to radon, thoron, and gamma radiation from building materials poses a significant health risk to occupants. Current methods for estimating radiation doses often fail to consider the combined impact of these sources. Based on commonly used building materials available on the Irish market, this paper advocates for the development of a comprehensive dose estimation model that accounts for radon, thoron, and gamma radiation. To achieve this, several models and various scenarios (e.g., ventilation conditions and building characteristics) are integrated to convert radon and thoron gas doses into a common unit recognized in the existing literature. This approach enables the comparison of combined dose values with accepted radiation thresholds for building materials, typically set at 1 mSv, alongside data on material compositions. Previous studies suggested gamma radiation doses in Irish materials are unlikely to exceed 1 mSv annually. Our findings confirm this, showing gamma doses <0.4 mSv for all materials. However, combined radon–thoron doses exceeded thresholds in altered granites (e.g., Galway granite: 3.90 mSv), with thoron contributing ≤93% of total exposure due to uranium/thorium-rich minerals (e.g., monazite, zircon). Ventilation proved critical—high airflow (10 m³/h) reduced thoron doses by 90–95%, while current gamma-focused safety indices (I-index ≤ 1) inadequately addressed combined risks. These results highlight the previously underestimated importance of thoron and the necessity of multi-parameter models for regulatory compliance. The study establishes a novel framework to evaluate holistic radiation risks, urging revised standards that prioritize ventilation strategies and material mineralogy to protect public health in residential and commercial built environments. Full article

The present paper seeks to showcase the significant potential of alternative energy technologies in driving clean energy transition. Renewable energy sources, including hydro, geothermal, biomass, solar, and wind energy, are developed and marketed as low- or non-carbon alternatives to conventional energy sources. However, the high upfront costs of these energy resources, coupled with their intermittency, are demerits that must be dealt with. Since certain nuclear technologies generate significantly less waste than coal and oil, nuclear energy is occasionally regarded as a green energy source, though the primary source of nuclear energy, namely uranium, is a finite resource. The main goal of developing green energy technologies is to provide energy in a sustainable manner while cutting down on waste and greenhouse gas emissions, thus reducing the overall carbon footprint of energy production. Full article

Magnetic and electromagnetic techniques have a long history of application in mineral exploration to detect deposits and their surroundings. Their implementation over the last fifteen years has been affected by strong variations in the mining market in parallel with important technological developments. During this period, both methods were the subject of numerous documented case studies all over the globe, which is a sign of popularity and longevity of these techniques. Through a review of case histories from the main geophysical journals, we analyze the principal usage of these methods when applied to mineral exploration, while the majority of documented cases originate from North America, Asia, and Australia. There are more case studies describing the use of the magnetic method and we attribute this popularity to direct and indirect use of this method for mineral exploration. In particular, there is an increasing number of magnetic surveys conducted with drones. Combining magnetic and electromagnetic techniques is also common. The number of magnetic and EM technique case histories range by descending order from gold, porphyry copper, polymetallic, massive sulfides, uranium, Ni-Cu-PGE, iron ore, kimberlite, and iron-oxide copper-gold, with a number of single continent-specific applications. Full article

The development of batteries used in electric vehicles towards sustainable development poses challenges to designers and manufacturers. Although there has been research on the analysis of the environmental impact of batteries during their life cycle (LCA), there is still a lack of comparative analyses focusing on the first phase, i.e., the extraction and processing of materials. Therefore, the purpose of this research was to perform a detailed comparative analysis of popular electric vehicle batteries. The research method was based on the analysis of environmental burdens regarding the ecological footprint of the extraction and processing of materials in the life cycle of batteries for electric vehicles. Popular batteries were analyzed: lithium-ion (Li-Ion), lithium iron phosphate (LiFePO₄), and three-component lithium nickel cobalt manganese (NCM). The ecological footprint criteria were carbon dioxide emissions, land use (including modernization and land development) and nuclear energy emissions. This research was based on data from the GREET model and data from the Ecoinvent database in the OpenLCA programme. The results of the analysis showed that considering the environmental loads for the ecological footprint, the most advantageous from the environmental point of view in the extraction and processing of materials turned out to be a lithium iron phosphate battery. At the same time, key environmental loads occurring in the first phase of the LCA of these batteries were identified, e.g., the production of electricity using hard coal, the production of quicklime, the enrichment of phosphate rocks (wet), the production of phosphoric acid, and the uranium mine operation process. To reduce these environmental burdens, improvement actions are proposed, resulting from a synthesized review of the literature. The results of the analysis may be useful in the design stages of new batteries for electric vehicles and may constitute the basis for undertaking pro-environmental improvement actions toward the sustainable development of batteries already present on the market. Full article

Children are highly vulnerable to chemical exposure. Thus, metal and metalloid in infant formulas are a concern, although studies in this regard are still relatively scarce. Thus, the presence of aluminum, arsenic, cadmium, tin, mercury, lead, and uranium was investigated in infant formulas marketed in Brazil by inductively coupled plasma mass spectrometry, and the Target Hazard Quotients (THQ) and Target Cancer Risk (TCR) were calculated in to assess the potential risk of toxicity for children who consume these products continuously. Aluminum ranging from 0.432 ± 0.049 to 1.241 ± 0.113 mg·kg⁻¹, arsenic from 0.012 ± 0.009 to 0.034 ± 0.006 mg·kg⁻¹, and tin from 0.007 ± 0.003 to 0.095 ± 0.024 mg·kg⁻¹ were the major elements, while cadmium and uranium were present at the lowest concentrations. According to the THQ, arsenic contents in infant formulas showed a THQ > 1, indicating potential health risk concerns for newborns or children. Minimal carcinogenic risks were observed for the elements considered carcinogenic. Metabolic and nutritional interactions are also discussed. This study indicates the need to improve infant formula surveillance concerning contamination by potentially toxic and carcinogenic elements. Full article

Because of the increasing price of jadeite, many fake species have appeared on the market. We recognized three pieces of fake black jadeite that had been placed among real black jadeite. In this study we conducted a mineralogical investigation of the three fakes and the real jadeite by using FTIR and XRD techniques; in addition, we performed in situ major, minor and trace element chemical characterization based on EPMA-WDS and LA-ICP-MS techniques. The three imitations have different components, dominated by katophorite (97%), augite (66%) and anorthite (97%). In contrast, the real jadeite sample contains more than 99% jadeite. Unlike previous reports on black jadeite, the dark omphacite exsolution around the jadeite cleavage is the chromogenic factor in the present study, whereas the black color of the imitations comes from light absorption by major melanocratic minerals and widespread fine graphite. We propose that 2–4 sharp bands between 600 and 800 cm⁻¹ of FTIR and the 2.42 and 2.49 Å peaks of XRD can be used to discriminate black jadeite from imitations. Even though natural jadeite deposits are being exhausted, materials of the three natural imitations were determined not to be suitable for jewelry due to low hardness, widespread occurrence and unknown injury of the radioactive elements thorium and uranium. Otherwise, they could enhance value and be ideal for large-sized ornaments of fine design. Full article

This paper aims to identify the costs of capital in a group of companies from the energy sector by including an investor and market risk approach. The study also concerns the company’s Weighted Average Cost of Capital (WACC) cost intra-industry analysis related to sector characteristics such as total assets, revenues, market capitalization, and companies’ age. In order to assess the intergroup relationships, basic correlation relationships were compared and a nonparametric test of variance was performed. The period under study covered the years 2015–2019. The conducted research evaluates groups of companies that dedicated their activity to a particular energy intra-industry division under numerous regulations in Europe. The study contributes to assessing the level of risk among energy listed companies in European capital markets based on capital structure valuation. The study results underline the role of the cost of equity financing, which was twice as high as the cost of debt. The highest WACC was related to the Beta indicator that also expressed the political and regulatory risk over the investigated period. Across debt cost analysis, the role of effective tax rate decreased the level of WACC. The highest level of WACC was noticed among uranium and integrated oil and gas companies. The study contributes to information asymmetry theory related to the cost of capital assumptions. Full article

In this study, we report a novel high-throughput and instant-mixing droplet microfluidic system that can prepare uniformly mixed monodisperse droplets at a flow rate of mL/min designed for rapid mixing between multiple solutions and the preparation of micro-/nanoparticles. The system is composed of a magneton micromixer and a T-junction microfluidic device. The magneton micromixer rapidly mixes multiple solutions uniformly through the rotation of the magneton, and the mixed solution is sheared into monodisperse droplets by the silicone oil in the T-junction microfluidic device. The optimal conditions of the preparation of monodisperse droplets for the system have been found and factors affecting droplet size are analyzed for correlation; for example, the structure of the T-junction microfluidic device, the rotation speed of the magneton, etc. At the same time, through the uniformity of the color of the mixed solution, the mixing performance of the system is quantitatively evaluated. Compared with mainstream micromixers on the market, the system has the best mixing performance. Finally, we used the system to simulate the internal gelation broth preparation of zirconium broth and uranium broth. The results show that the system is expected to realize the preparation of ceramic microspheres at room temperature without cooling by the internal gelation process. Full article

Economic analysis and market simulation tools are used to evaluate uranium (U) supply shocks, sale or purchase of uranium stockpiles, or market effects of new uranium mines or enrichment technologies. This work expands on an existing U market model that couples the market for primary U from uranium mines with those of secondary uranium, e.g., depleted uranium (DU) upgrading or highly enriched uranium (HEU) down blending, and enrichment services. This model accounts for the interdependence between the primary U supply on the U market price, the economic characteristics of each individual U mine, sources of secondary supply, and the U enrichment market. This work defines a procedure for developing an aggregate supply curve for primary uranium from marginal cost curves for individual firms (Uranium mines). Under this model, market conditions drive individual mines’ startup and short- and long-term shutdown decisions. It is applied to the uranium industry for the period 2010–2030 in order to illustrate the evolution of the front end markets under conditions of moderate growth in demand for nuclear fuel. The approach is applicable not only to uranium mines but also other facilities and reactors within the nuclear economy that may be modeled as independent, decision-making entities inside a nuclear fuel cycle simulator. Full article

Spawning market squid lay embryo capsules on the seafloor of the continental shelf of the California Current System (CCS), where ocean acidification, deoxygenation and intensified upwelling lower the pH and [O₂]. Squid statolith geochemistry has been shown to reflect the squid’s environment (e.g., seawater temperature and elemental concentration). We used real-world environmental levels of pH and [O₂] observed on squid-embryo beds to test in the laboratory whether or not squid statolith geochemistry reflects environmental pH and [O₂]. We asked whether pH and [O₂] levels might affect the incorporation of element ratios (B:Ca, Mg:Ca, Sr:Ca, Ba:Ca, Pb:Ca, U:Ca) into squid embryonic statoliths as (1) individual elements and/or (2) multivariate elemental signatures, and consider future applications as proxies for pH and [O₂] exposure. Embryo exposure to high and low pH and [O₂] alone and together during development over four weeks only moderately affected elemental concentrations of the statoliths, and uranium was an important element driving these differences. Uranium:Ca was eight-times higher in statoliths exposed to low pH_T (7.57–7.58) and low [O₂] (79–82 µmol·kg⁻¹) than those exposed to higher ambient pH_T (7.92–7.94) and [O₂] (241–243 µmol·kg⁻¹). In a separate experiment, exposure to low pH_T (7.55–7.56) or low [O₂] (83–86 µmol·kg⁻¹) yielded elevated U:Ca and Sr:Ca in the low [O₂] treatment only. We found capsular effects on multiple elements in statoliths of all treatments. The multivariate elemental signatures of embryonic statoliths were distinct among capsules, but did not reflect environmental factors (pH and/or [O₂]). We show that statoliths of squid embryos developing inside capsules have the potential to reflect environmental pH and [O₂], but that these “signals” are generated in concert with the physiological effects of the capsules and embryos themselves. Full article