Miners revive mothballed uranium projects Uranium prices climbed 50% after Russia invaded Ukraine New nuclear plants set to drive global demand Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of …
US Energy Secretary Jennifer Granholm said on Thursday that the United States was working on a strategy to ensure steady uranium supply and that the country should not be sending any more money to Russia. Republican Senator John Barrasso, the top Republican on the Senate energy committee, asked Granholm at a hearing on President Joe Biden’s proposed …
Slovakia currently imports uranium from Russia’s TVEL company – a subsidiary of state-owned giant Rosatom – which is the biggest fuel supplier for VVER-440 type reactors. Uranium mining in the country’s east could be a solution to cutting dependency on Russia’s nuclear fuel supplies, Economy Minister Richard Sulík has said. Slovakia currently imports uranium from …
Call for a special UN tribunal for war crimes in Ukraine Step up delivery of weapons to allow Ukraine to defend itself Use of weapons of mass destruction by Russia would be met with severest consequences Parliament expresses indignation over reported atrocities by the Russian armed forces and demands that perpetrators of war crimes be …
After Russia’s invasion of Ukraine began in late February, global energy costs skyrocketed, and U.S. consumers were hit with record high prices at the gas pump. President Biden banned Russian oil imports and was quick to call for U.S. “energy independence” as Americans felt the sting of inflation rates not seen in four decades due in large part to energy …
Congressman Pete Stauber (R-MN), joined by his colleagues Congressmen Adrian Smith (R-NE), Vicente Gonzalez (D-TX) and Henry Cuellar (D-TX), introduced legislation to ban imports of uranium from Russia. According to the Energy Information Administration, the United States purchased more than 34 million pounds of Uranium from 2016-2020. “It’s more important now than ever for the …
The northern nation has been approached by those seeking potash and uranium, said Canada’s Natural Resources Minister Jonathan Wilkinson. The country is one of the world’s main sources of the two commodities and buyers are anxious to secure supplies after Russia’s invasion of Ukraine disrupted trade flows. Potash, a commonly used fertilizer, and uranium have …
The conflict in Ukraine shines a light on both the pivotal role of geopolitics in uranium supply and the importance of geopolitical stability. Conflict in Eastern Europe has had a significant impact on uranium prices, putting up to 16.5 percent of global supply at risk. This is not the first time geopolitical tensions have impacted the uranium market, …
U.S. Senator John Barrasso (R-WY), ranking member of the Senate Energy and Natural Resources Committee, was joined by Senators Cynthia Lummis (R-WY), Roger Marshall (R-KS) and Kevin Cramer (R-ND) in introducing legislation to ban imports of Russian uranium. “The time is now to permanently remove all Russian energy from the American marketplace,” said Senator Barrasso. …
Constellation Energy Corp., owner of the largest U.S. fleet of nuclear power plants, would support “any limits” Washington may impose on Russian uranium. The company has enough nuclear fuel to run its reactors for multiple years and is working with vendors to head off any potential supply disruptions, Bill Gibbons, a spokesman for Baltimore-based Constellation, …