Markets lack a price signal for nuclear investment

The nuclear industry should work with policymakers on the design of market mechanisms that can produce a clear price signal to attract investors to this low-carbon form of electricity, Jostein Kristensen, partner with economics consultancy firm Oxera, told participants in World Nuclear Association’s Strategic eForum last week. Markets currently do not reflect the value of …

Cameco: A Gamble On Rising Uranium Prices

Summary Cameco’s profitability relies on uranium pricing moving up from current cycle lows. COVID-19 has interrupted Cameco’s production and has added more uncertainty to global supply. Demand for nuclear energy and reactor construction has slowed in western nations in the wake of the Fukushima disaster. The bull case for uranium demand growth hinges on a …

Looking beyond Hinkley Point C

IN JUNE, EDF ENERGY ANNOUNCED it had completed the 49,000-metric-tonne concrete basemat for the second EPR reactor at Hinkley Point C in Somerset. The milestone was achieved “on schedule”, despite the coronavirus pandemic and a reduction of “more than half” in the number of workers on site since March. Completion came less than a year …

Kazatomprom workers returning to site, confirms spot market purchases

Kazakhstan-based Kazatomprom is mobilising employees and expects to have its sites back to normal staff levels within two to three weeks. The world’s largest uranium producer said on Monday it believed it could safely begin to bring staff back to its mine sites, after a four-month Covid-19-related shutdown. Production in the second half of the …

Kazatomprom extends reduced operations

JSC National Atomic Company Kazatomprom has today announced it is extending for one month its reduction in operations due to COVID-19. Kazakhstan’s government last week announced a second two-week lockdown after a national surge in coronavirus cases followed the lifting of an earlier lockdown. Kazatomprom announced in April that it was reducing the number of employees …