Honeywell is gearing up to reopen the Metropolis Works plant in Metropolis, Illinois—the U.S.’s sole uranium conversion facility—and restart production of uranium hexafluoride (UF6) by early 2023. The Charlotte, North Carolina–based global technology giant told POWER in a statement on Feb. 9 it has communicated to employees and officials its intent to reopen the facility, which it idled …
Tension has been increasing between the U.S. and Iran. Central to the conflict is uranium enrichment, with each country accusing the other of bad faith. During the turmoil, Iran announced that it had crossed an important threshold: They had enriched uranium past the 4.5% level. But what exactly does that mean? Uranium is the heaviest …
The Trump administration intends to invest $115 million over the next three years to reopen a uranium enrichment plant in southern Ohio. The decision by the U.S. Department of Energy is subject to final approval by federal regulators but could result in 60 new jobs initially, according to an announcement by Sen. Rob Portman, R-Ohio. …
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 …
As the federal budget process plods along, MOX continues to receive mixed signals from lawmakers. Also known as the Mixed Oxide Fuel Fabrication Facility, the MOX project continues to make progress, its exterior facade largely completed. Unofficial estimates place facility completion between 70 and 75 percent. Mixed Oxide is becoming a mixed bag, however, with …