Uranium: A global bull market is under way due to COVID-19

The growing uranium supply deficit, currently being accelerated by COVID-19 pandemic related production cuts, has seen the price for uranium skyrocket – making it the world’s best-performing major commodity right now. With the suspension of operations at four notable uranium mines in March and April, the spot price has surged to US$33/lb in May from …

Construction starts on 2nd unit of Turkey’s 1st nuclear power plant Akkuyu

The construction of the second unit of Turkey’s first nuclear power plant Akkuyu has started, Energy and Natural Resources Minister Fatih Dönmez said Friday. Dönmez stated that they aim to put the first unit into operation at the Akkuyu Nuclear Power Plant in 2023. “We plan to commission the second unit in the following year,” …

South Africa kickstarts nuclear plans

The Department of Minerals and Energy has published the Request for Information, which resources and energy minister Gwede Mantashe said would start preparatory work to develop plans for the programme. “Given the long lead-time of building additional new nuclear capacity, upfront planning is necessary for security of energy supply to society,” Mantashe tweeted. Power security …

Framatome completes modernization project at Doel nuclear power plant

Framatome’s digital instrumentation and control (I&C) systems at the Doel nuclear power plant in Belgium passed the final site acceptance test (SAT). This important milestone marks the completion of the project to modernize the control and emergency systems at units 1 and 2. As part of the project, Framatome designed, manufactured, tested and installed its …