Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …
For the first time since the Fukushima Daiichi accident a decade ago, the International Atomic Energy Agency (IAEA) has revised up its projections of the potential growth of nuclear power capacity for electricity generation during the coming decades. The change in the IAEA’s annual outlook for this low-carbon energy source does not yet mark a …
A reactor in western Japan, installed in the country’s sole nuclear plant built in a prefectural capital, cleared a national safety screening on Wednesday. The No. 2 unit of Chugoku Electric Power Co.’s nuclear plant in Matsue, Shimane Prefecture, became the 17th reactor across a total of 10 nuclear plants nationwide to pass stricter safety …
The first criticality was achieved in China’s high-temperature gas-cooled reactor (HTGR) nuclear power demonstration project in Rongcheng, East China’s Shandong province, on September 12. This marks another example of major progress made by the project following the completion of cold and hot functional tests at the plant’s two reactors, as well as its first fuel …
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 …