The UK government has announced it will invest GBP300 million (USD381 million) to launch a high-assay low-enriched uranium (HALEU) programme, making the UK the first country in Europe to launch such a nuclear fuel programme. The UK Department for Energy Security and Net Zero (DESNZ) said the investment will support domestic production of HALEU and …
The price of uranium reached the highest level for almost 17 years on Friday, driven by constrained supply and accelerating demand, against a backdrop of renewed interest in nuclear power. The benchmark contract for uranium oxide which, once enriched, is used as nuclear fuel, rose to $85.75 a pound (around 450 grams) for the first …
Tenex, a Russian state-owned uranium company, is warning American customers that the Kremlin may preemptively bar exports of its nuclear fuel to the US if lawmakers in Washington pass legislation prohibiting imports starting in 2028, according to people familiar with the matter. Tenex’s US subsidiary has told electric companies including Constellation Energy Corp., Duke Energy …
Transforming seawater into a viable fuel may sound like a dream, up there with turning water into wine—but there may be something in it. This is the conclusion of a team of researchers from China, who have developed a new way to extract nuclear fuel from the world’s oceans. While nothing to worry about next …
The US House voted Monday to approve legislation that would bar the importation of enriched Russian uranium, sending the measure to the Senate where it has support but limited time for passage this year. The Prohibiting Russian Uranium Imports Act, which was approved by voice vote, would bar Russian uranium imports 90 days after enactment …
Leaders from the United States, Canada, France, Japan, and the United Kingdom today announced plans to mobilize $4.2 billion in government-led investments to develop a secure, reliable global nuclear energy supply chain. These investments will enhance uranium enrichment and conversion capacity over the next three years and establish a resilient global uranium supply market free …
Legislation that would bar the import of enriched Russian uranium into the US has been teed up for a vote in the US House of Representatives. The Prohibiting Russian Uranium Imports Act, by Washington Representative Cathy McMorris Rodgers, has been scheduled for consideration next week under an expedited procedure that requires two-thirds majority to pass, …
The contract will see Urenco continuing to supply Ukraine’s Energoatom with enriched uranium until 2035, with an option to extend the contract to 2043. The contract was signed by Energoatom President Petro Kotin (pictured above, centre) and Urenco CEO Boris Schucht (third from the right) during the World Nuclear Exhibition 2023 in Paris. Urenco, a UK-Dutch-German company, …
French company Framatome is planning the construction of a nuclear fuel fabrication facility in the UK as part of its plans to scale-up its operations in the country. In a separate development it also announced it was setting up a joint venture with Ultra Safe Nuclear Corporation. The company says that the proposed facility in …
KATCO, a joint venture of the French Orano Mining and Kazatomprom national atomic company, will start mining uranium at Kazakhstan’s South Tortkuduk site at the end of 2023, Trend.az reported on Nov. 12, citing a source at Orano multinational nuclear fuel cycle company. As the world’s largest uranium producer, Kazakhstan hosts Orano through KATCO, established in …
