Japan has added uranium to its list of critical minerals in a move that seeks to reduce its dependence on foreign sources of nuclear element, particularly Russia’s, and to support domestic exploration and development projects. The decision, made by the Ministry of Economy, Trade and Industry (METI), comes almost a year after the government of Prime …
Uranium prices have quadrupled over the past four years, buoyed by rising demand for nuclear power and supply challenges, but shares of uranium miners and exchange-traded funds have some catching up to do. Interest in uranium, a cornerstone of the nuclear-power industry, has grown along with global efforts to foster clean energy, leading to stronger …
Niger temporarily suspended the granting of new mining licenses, the first step in an audit of its mining sector as it seeks to boost government revenue. The country will also take stock of existing mining licenses, according to a memo from the mining ministry seen by Bloomberg. Niger is among the world’s top producers of uranium. France’s Orano, Toronto-based Global Atomic and China …
Public Service Enterprise Group’s Hope Creek nuclear power plant in New Jersey. US nuclear power plants may have to make changes to their uranium sourcing if federal restrictions on US imports of Russian uranium are passed in Congress. Source: Public Service Enterprise Group Inc. A bill in the US Congress to restrict imports of Russian …
Rosatom’s mining division exceeded its uranium production target by 90 tonnes in 2023, it told its annual Stakeholder Dialogue event. Meanwhile, progress is being made on new mining operations. At the Priargunskoye Industrial Mining and Chemical Union (PIMCU) – the uranium production centre in the Transbaikal/Chita region – heap leaching was used to increase the …
The planned capacity of the enterprise is 800 thousand tons per year “Samruk-Kazyna” JSC, JSC “NAC “Kazatomprom”, and the Italian company Ballestra S.p.A. signed a strategic partnership agreement, QazMonitor reports, citing the press service of Samruk-Kazyna. Signed during President Tokayev’s visit to Italy, the agreement is to attract investments for the realization of the project …
This aerial photograph taken on on October 4, 2023, shows the Rooppur Nuclear Power Plant in Rooppur. Bangladesh on October 5 accepted the first uranium delivery for its Russia-backed nuclear plant, a project aimed at bolstering its overstretched energy grid but complicated by sanctions on Moscow. Uranium prices surged on Monday as fresh supply worries …
Kazatomprom, the world’s biggest uranium miner, warned that it’s likely to fall short of its production targets over the next two years, adding another risk to supply as demand for the nuclear fuel rebounds. The London-listed company, which is controlled by Kazakhstan’s government via its sovereign wealth fund, said on Friday that shortages of sulfuric …
The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter. Uranium has been a hot commodity, and its rally could have a long half-life. Spot prices for triuranium octoxide, the form of the commodity that is widely traded, hit $92.50 a pound on Monday, more than …
Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It …
