Conflicts and resurgent demand combine to radioactive effect When russia invaded Ukraine, panic gripped Europe’s nuclear experts—the civilian variety, that is. Ukraine, where 15 reactors relied on Russia for their uranium, rushed to sign an unusually long 12-year deal with Canada. European utilities, also reliant on Russia, drew the maximum they could under other contracts. Most …
Many of the new nuclear reactors under development are designed to run on uranium at enrichments as high as 15%-19.75%, known as high-assay low-enriched uranium (HALEU), rather than traditional Light Water Reactor (LWR) technology, which typically uses uranium enriched to 3%-5%. The only commercial source of HALEU, however, is Russia. The invasion of Ukraine, and Russia’s …
Uranium prices are likely to extend a blistering rally and end the year more than 50% higher as mounting worries over climate change accelerate a global shift to cleaner sources of energy including nuclear power, analysts said. Uranium spot prices are expected to climb to $75-$80 a pound by end-December, in a fitting finish to …
Atomic power plants are in vogue again, sending prices higher for the radioactive element A renaissance for the nuclear-power industry has run into a problem: Prices have soared for the radioactive uranium required to fuel reactors in the decades ahead. New reactors have connected to the grid in the U.S., Asia and Europe, while the lifetime of existing …
French nuclear group Orano is halting the processing of uranium ore at one of its facilities in Niger because international sanctions against the military junta are hampering logistics. The crisis that’s affecting the African nation, which has about 5% of the world’s uranium, may potentially tighten supplies of the material used to fuel nuclear reactors in the US, China and Europe. …
Energoatom and ConverDyn have signed a confidentiality agreement and memorandum of understanding relating to uranium conversion which the Ukrainian company says can help the country towards a complete fuel cycle. The signings, by Energoatom President Petro Kotin and ConverDyn President Malcolm Critchley, took place in London last week. Kotin said the cooperation opened up an opportunity …
Centrus Energy Corp (NYSE American: LEU) announced today that it expects to begin first-of-a-kind production of High-Assay Low-Enriched Uranium (HALEU) in October 2023, approximately two months ahead of schedule, at the American Centrifuge Plant in Piketon, Ohio. “This will be the first new U.S.-owned uranium enrichment plant to begin production since 1954,” said Centrus President and CEO Daniel …
Nuclear boss Yerzhan Mukanov says Kazakhstan is ready fill potential shortfalls in supplies from Africa. Kazakhstan is prepared to ship more uranium to Europe if necessary thanks to worries over supply risks caused by a military coup in Niger, the head of the country’s top state-run nuclear company told POLITICO. Although “for the moment we …
Uranium from Niger helps power Europe, but all eyes are on the West African country after the military overthrew its elected president. It takes a long time to dig a mine, especially in the middle of the Sahara Desert. Just ask Bob Tait. The Toronto-based Global Atomic Corp. where he serves as vice president of …
In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia. Outside the $5 …
