So Close Yet So Far: China Deal Elusive for France’s Areva

SHANGHAI/PARIS (Reuters) – A deal long sought by French company Areva to build a $12-billion nuclear waste reprocessing plant in China looks increasingly unlikely to go ahead despite a visit to Beijing by President Emmanuel Macron meant to drum up business. During Macron’s state visit this week, Areva and China National Nuclear Corp (CNNC) signed …

Japan’s MOX program faces tough questions as recycling costs balloon for spent atomic fuel

The cost of recycling spent nuclear fuel has surged since Japan began using it in 1999, raising questions about the viability of the reprocessing strategy, it has been learned. Japan is the only non-nuclear weapons state in the world that still engaged in a commercial spent-fuel reprocessing program. While it struggles to keep its nuclear …

Project to reprocess spent nuclear fuel being reexamined

Opponents claim that pyro-processing and SFR technology are on the decline and have numerous economic and safety limitations A pyro-processing and sodium-cooled fast reactor (SFR) research and development project that was created by the South Korean atomic energy community for the reprocessing of spent nuclear fuel is being reexamined.The Ministry of Science and ICT (MSIP) …

Uranium Underfeeding: Big Price Factor? (Part 1)

EXCLUSIVE TO SOURCELINE U3O8 – Since 2007, U3O8 prices have largely been moving in one direction – down. With long-term and spot prices languishing at 12-year lows, the uranium sector has been struggling over the past few years. Many analysts will cite uranium underfeeding and the subsequent sale of additional enriched uranium on the spot …

Destination Kazakhstan

Construction of the IAEA’s long-awaited low-enriched uranium bank is finally complete, and the bank was officially opened during a ceremony in Kazakhstan. Future Power Technology visited the facility to find out about the fuel bank and why it is needed. On 29 August, the International Atomic Energy Agency (IAEA), the United Nations nuclear watchdog, officially …

Kazakh President opens IAEA Low Enriched Uranium Bank

ASTANA. KAZINFORM President Nursultan Nazarbayev has opened the building of the IAEA Low Enriched Uranium (LEU) Bank in Kazakhstan during a teleconference, Kazinform correspondent reports. The Head of State handed over a symbolic key to the LEU Bank building to the Director General of the International Atomic Energy Agency, Yukiya Amano. “It is a high …

Here’s How Warren Buffett Bankrolled A Uranium Bank In Kazakhstan

An international nuclear watchdog agency will open the first independent “bank” for nuclear reactor fuel on Aug. 29 in Kazakhstan, a bid to forestall developing nations from building their own nuclear capabilities. Uranium can both make electricity and make bombs, a key dilemma of the nuclear age. The International Atomic Energy Agency’s low-enriched uranium (LEU) bank is intended to …

Uranium bank will mitigate ‘growing risk’ of nuclear fuel being weaponised

Former US Senator Sam Nunn co-founded the Nuclear Threat Initiative, a non-profit aimed at preventing attacks from weapons of mass destruction. And he claims the imminent opening of the UN atomic watchdog’s Uranium bank in Kazakhstan next week will help increase global security from the risk of possible atomic warfare. The International Atomic Energy Agency …