Tuesday, October 1, 2024

Interesting Links

Commodities.  Supply/demand projections:
  • Uranium (Sept 2024).  Justin Huhn shows an updated Uranium supply model (at 16:08).  From Cantor, he thinks demand here is a little optimistic.  Does not know if they include SMRs.  Probably derived from WNA's report, this looks like their upper demand scenario.  Theres a supply response from new greenfield mines in 2029.  Justin's own modelling shows at this point in time supply may meet demand, but only for 2 years.
  • Anas Alhajii's views on LNG (Aug 2024): Contrary to the market, he is bullish, thinks producers will reign-in production (eg: rolling maintenance) if prices drop.
ChinaTalk (Oct 2024) : JD Vance on the Economy: He's following Michael Pettis' ideas.  Why should the dollar be a reserve currency?  The Federal Reserve could impose a tax on any foreign purchase of US assets, with the rate adjustable to balance financial inflows and outflows.  Or they could buy foreign assets (like Singapore/Switzerland).  Reducing USD's reserve status (a falling USD) would help the re-industrialisation of the US, but the cant predict the first and second order global effects.

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