Kepco starts injecting fuel rods into UAE’s second nuclear reactor

South Korea’s state-run utility Korea Electric Power Corp. (Kepco) said Monday it has started a process to insert fuel rods into the second reactor in the Barakah nuclear plant of the United Arab Emirates (UAE). Kepco and the Emirates Nuclear Energy Corp. (ENEC) said they kicked off the process starting last week. South Korea completed …

Turkey looks to complete 27.5% of Akkuyu nuclear plant by year-end

The 2021 Performance Program of Turkey’s Energy and Natural Resources Ministry has drawn a road map for the completion of the country’s first nuclear power plant, the Akkuyu Nuclear Power Plant (NPP), which says 27.5% of the plant will be completed by the end of this year. The program, which outlines the steps that will …

UPDATE 3-France’s EDF: Hercules plan green light would unleash renewables

French power group EDF said on Wednesday it could double its growth target for renewable energy and become a European champion in the field provided a planned re-organisation, code-named Hercules, can get the go-ahead. State-controlled EDF says the revamp, which will separate the debt-laden nuclear power business from the rest of the company’s assets, will …

The Benefit Of Extending Usage of Nuclear Plants

As the weekly uranium spot price continues to move in a tight range, new research explores the effect of delaying nuclear plant closures on global uranium demand. -The effect on uranium demand of delaying plant closures -Fourth quarter results for Kazatomprom -Uranium spot price falls marginally In the wake of President Biden’s inclusion of nuclear …

First silver, now uranium — fears of supply shortages drive up yellowcake share prices

While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, …

Cameco, Uranium Stocks Soar After BofA Predicts Jump In Global Uranium Demand

While we have previously laid out the bullish case for uranium stocks in general, and Cameco (CCJ) – which controls the world’s largest high-grade uranium reserves and low-cost operations and is one of the largest global providers of the uranium fuel – in particular (here, here, here and here), today this thesis got a swift boost …