Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design There are 53 nuclear reactors currently under construction around the world. Only two are in the United States, once the world’s leader in nuclear energy development. And those two reactors represent expansions of a preexisting …
Work on Units 2-4 was briefly halted after pandemic but have now resumed said FANR. Abu Dhabi: Construction at the Barakah Nuclear Plant continues to remain on track according to the Federal Authority for Nuclear Regulation (FANR), with the COVID-19 pandemic causing no major disruptions to the site. “The construction of Units 2-4 were halted …
Although a series of mega projects have been postponed in Egypt due to the coronavirus outbreak, work on the country’s first nuclear power plant continues. Amid the coronavirus pandemic that has delayed mega projects scheduled for this year in Egypt, such as the New Administrative Capital and the Grand Egyptian Museum, work on Egypt’s first nuclear project continues around the clock. “The work is …
Uranium futures are one of the few contracts that has experienced price gains in recent weeks, as the economic impact of Covid-19 continues to weigh heavily on prices for most commodities. Front-month uranium futures settlement prices traded up to $32.50/pound in late April, compared with around $24/pound in early March, when most of the world’s advanced economies …
The Egyptian nuclear project is underway, despite the restrictions imposed by the outbreak of the novel coronavirus and the Egyptian authorities’ decision to postpone the opening of major projects, including the new capital. In remarks to Asharq Al-Awsat, Grigory Sosnin, the director of the Dabaa nuclear project, said that the company “has taken a set …
Uranium is having a moment in 2020, climbing a third in six weeks while much of the commodities universe melts down. Years of poor economics and weak investment, combined with the impact of pandemic-related mine closures, are adding up to a supply squeeze, despite demand softened by industrial lockdowns. There will be no swift return to lofty levels last seen over a decade ago, but …
Kazatomprom tips uranium deficitGlobal uranium leader, Kazakhstan’s Kazatomprom, says it will maintain mine-site restrictions to stem the spread of COVID-19 for at least another three months, which could contribute to a 10% uranium market deficit 2020. Uranium spot prices have recently crossed into US$30/lb territory as production cuts are deepened by COVID-19 restrictions. The market …
The King Abdullah Petroleum Studies and Research Center (KAPSARC) published a new commentary that explores the Saudi nuclear energy project. The paper said that establishing a nuclear sector in Saudi Arabia would lead to lower unemployment, increase average wages, and help the Kingdom in meeting its desalination needs. “Nuclear desalination makes sense for Saudi Arabia, …
Construction is to be resumed of the prototype CAREM-25 reactor and a used fuel dry storage facility, as well as the refurbishment of the Atucha 1 nuclear power plant, Nucleoeléctrica Argentina SA (NA-SA) announced. Energy Minister Sergio Lanziani said the projects – work on which was suspended last year “due to breaches by contractor companies” …
The uranium price has been quietly creeping up to hit a four-year high. Dominic Frisby explains what’s behind the rise, and picks the best way to invest. Stocks have crashed then rallied. People are falling over each other to buy government bonds. Gold is at seven-year highs. Oil has capitulated. Industrial metals are rebounding. Oh, …