‘Buy America’ uranium petition prompts fuel buyers to re-examine sourcing

A petition filed by two US uranium-producing companies that asks the Trump administration to require that 25% of US reactor operator uranium requirements be met with domestically sourced material will prompt many US nuclear fleet fuel buyers to re-examine their near- and long-term uranium sourcing strategies, an industry consultant said in a January 29 interview. …

Westinghouse to Continue Nuclear Fuel Delivery to Ukraine Through 2025

BRUSSELS–(BUSINESS WIRE)–Westinghouse Electric Company today announced that it has signed a nuclear fuel contract extension with Ukraine’s State Enterprise National Nuclear Energy Generation Company (SE NNEGC) Energoatom. The contract includes nuclear fuel deliveries to seven of Ukraine’s 15 nuclear power reactors between 2021 and 2025, expanding and extending the existing contract for six reactors that was …

Uranium veteran expects price stalemate to crack in 2019

(Reuters) – Uranium producers’ deliberate cuts to production should finally begin to prop up prices next year as reserves of the rare metal dwindle and nuclear power generators rush to lock-in long-term contracts, according to sector veteran John Borshoff. Shares in uranium producers briefly rose late last year after the world’s biggest listed producer Cameco …

‘There has never been a bigger disconnect between price and value’ – VRIC 2018

VANCOUVER (miningweekly.com) – “The disconnect between price and value is as stunning as I’ve ever seen,” founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC) on Sunday. Industry participants seemed to agree. “If you’re on the fence on getting into uranium… Do you want it for free? The value proposition is so compelling …

India seeks to buy more than 2,000 tons of Uzbek uranium

AKIPRESS.COM – President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of India Narendra Modi discussed the issue of supplying Uzbek uranium to India at the Shanghai Cooperation Organization summit in Astana, The Economic Times reports. India is holding talks on the purchase of uranium for its nuclear power plant, the report said. “Uzbekistan, the seventh biggest …

Ukraine Buys Nuclear Fuel for $213 Mln in Six Months of 2017

KYIV. Aug 22 (Interfax-Ukraine) – Ukraine in January-June this year purchased nuclear fuel for a total of $212.808 million. According to the State Statistics Service, during this period Ukrainian nuclear power plants purchased Russian fuel for $130.076 million, Swedish products worth $82.732 million. Thus, the share of purchases of nuclear fuel by Ukraine in January-May …

Australia quietly makes first uranium shipment to India three years after supply agreement

Three years after signing a civilian nuclear supply treaty, the Federal Government confirmed overnight the first shipment of Australian uranium has left for India.Foreign Minister Julie Bishop provided little detail about the inaugural sale, saying only that it was subject to commercial negotiations.The supply deal with India, signed in 2014, is the first of its …