At the construction site of Russia’s Kursk II nuclear power plant, the truss console has been installed under the reactor shaft of unit 2. This component, weighing 145 tons and with a diameter of more than 9 metres, is the second part of the core melt trap, Kursk NPP said. With this achievement, one of …
On May 25, the Astravets Nuclear Power Plant (NPP), in Belarus, finished receiving nuclear fuel for the initial load of its first reactor (Belta, May 25). These nuclear rods, delivered in batches since May 6, are now ready to be loaded into the reactor, after careful inspection. If all continues to proceed according to plan, …
French nuclear output hit its lowest point since 2012 in May, falling 22.4% year on year to 24.6 TWh, as power demand remains affected by the coronavirus crisis, preliminary data from TSO RTE data showed on Monday. May nuclear output was 8.6% lower than the previous record low, in records going back to 2012, observed …
The coronavirus crisis is causing the biggest fall in global energy investment in history. Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA). Fossil fuels are hit hardest, with a 30% funding drop expected for oil and a 15% fall for coal. …
Uranium is one of the few commodities that has witnessed a notable price increase amid the outbreak of novel coronavirus. While the recent pandemic weighed heavily on demand and prices of most energy products plus industrial metals like copper and steel, uranium’s use as a key power generation fuel has kept its consumption stable. The …
Uranium market shift is underway with recent price correction representing the first indication that we are reaching the tipping point. View a 3-minute video here. About Purepoint Purepoint Uranium Group Inc. is focused on the precision exploration of its nine projects in the Canadian Athabasca Basin, the world’s richest uranium region. Established in the Athabasca Basin …
According to a report released by the US Energy Information Agency last week, US uranium production in 2019 totalled 170,000lbs U3O8, down -76% on 2018. Total shipments of uranium concentrate from US producers were 190,000lbs in 2019, -87% less than in 2018. The EIA noted that total employment in the US uranium production industry was …
In the uranium market, there are three large western converters where most trading and physical delivery of material take place: Cameco’s Port Hope (“CMC”) in Canada, ConverDyn’s Metropolis (“CVD”) in the United States and Orano’s Comurhex (“CHX”) in France. Historically, uranium for delivery at each location was priced relatively tightly (say $0.10 – $0.50) with …
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 …