Summary Uranium is the critical commodity for nuclear energy production, and it is hot in the news recently. The market lives in a perpetual mining supply/utility demand imbalance and relies on non-conventional, secondary supply to survive. Recently Sprott Physical Trust entered the market and generated chaos with frenetic buy. With the proper government backing, the …
Investment funds are shaping the uranium spot market leading to an unprecedented level of demand. How those funds will affect the availability of secondary supplies of uranium to consumers remains to be seen, and the spot market should not be seen as a reliable source for significant purchases of uranium ore in the long term, …
World nuclear generating capacity is set to continue its upward trend with demand for uranium fuel increasing over the period to 2040, according to the projections in the latest edition of World Nuclear Association’s Nuclear Fuel Report. Uranium resources are more than enough to meet that demand, but intense development of new projects will be …
The project for the development of nuclear energy worth $9.6 billion presented in the United States includes the construction of two power units of the Khmelnytsky nuclear power plant (NPP) and small modular reactors (SMRs), as well as a project for the construction of a nuclear fuel production plant on the basis of PJSC Skhidny …
Morgan Stanley is tipping a short-term (spot market) uranium price of $US48.50/lb in 2024, with long term contracts far higher. A fresh wave of optimism is washing across Australian uranium explorers as nuclear power stakes a claim in the drive to decarbonise the world, but a second wave of genuine demand from power utilities is …
The Illinois Senate approved a massive clean energy omnibus package after midnight on Tuesday evening, clearing the last major piece of Governor J.B. Pritzker’s political agenda for a vote in the House. The proposal aims to put one million electric vehicles on Illinois roads over the next nine years, and to transition the sixth largest …
The loading of spherical fuel elements has begun at the demonstration high-temperature gas-cooled reactor plant (HTR-PM) at Shidaowan, in China’s Shandong province. The milestone came one day after the issuance of an operating licence for the twin-unit plant, which is scheduled to start operations later this year. China’s nuclear regulator, the National Nuclear Safety Administration, …
Slovakia’s new Mochovce 3 reactor is slated to start up and generate electricity this year with unit 4 following in 2023, according to an energy security report released by the Ministry of Economy. Once it starts up, Mochovce 3 will immediately tip Slovakia’s energy balance back to an export footing. Slovakia is adding significant clean …
Testing of the steam turbine using non-nuclear steam has been completed at the demonstration high-temperature gas-cooled reactor plant (HTR-PM) at Shidaowan, in China’s Shandong province. The twin-unit HTR-PM is scheduled to start operations later this year. Non-nuclear steam flushing is an important test for nuclear power projects to check the operating quality of steam turbine …
Preparations have begun for the construction of the fourth unit at Turkey’s Akkuyu nuclear power plant, Akkuyu Nuclear has confirmed, with excavations for the reactor building, turbine hall, auxiliary reactor building and other main facilities now under way. Separately, Netherlands-based geotechnical survey company Fugro has completed a complex 6-month offshore site characterisation project on the …
