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 …
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 …
The expansion of the nuclear power sector at the speed and scale required to meet net-zero, energy security and sustainable development targets will necessitate sustained and coordinated investment in the global nuclear supply chain, according to World Nuclear Association. The association’s World Nuclear Supply Chain 2023 covers the life cycle of nuclear power plants through construction, operation …
Current events in Niger mean world attention is turning to the West African uranium-producing country. Here is an overview of Niger’s uranium sector. What has happened in Niger? After reports on 26 July that presidential guards had seized Niger’s president, Mohamed Bazoum, General Abdourahmane Tchiani – also known as Omar Tchiani – went on national …
Cameco and Kazatomprom have increased their sales and revenue guidance for 2023 upwards as market fundamentals continue to improve. The Kazakh uranium producer increased its 2023 sales guidance in its half-year trading update on 1 August, with group sales volumes increasing from 15,400-15,900 tU to 17,500-18,000 tU. This is due to customers asking to “flex …
The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world’s seventh largest producer of the radioactive metal, but a consultancy said prices may rise in coming weeks. The spot price of uranium, widely used for nuclear energy and treating cancer, crept …
Niger is the provider of 15 percent of France’s uranium needs and accounts for a fifth of the EU’s uranium stock. The military coup in Niger is raising fears, especially in France, over its potential impact on the import of uranium to power nuclear plants. Niger supplies 15 percent of France’s uranium needs and accounts for a fifth of the EU’s total uranium imports. …
