A worldwide nuclear renaissance led by Japan, some countries in Europe (despite German obfuscation), and hopefully the USA, is changing the international uranium market. Uranium producers across the world are forecasting a long-term embrace of nuclear power driving up demand for Uranium and are adjusting accordingly. These producers are not content to just quickly cash in from an ephemeral price …
Key players from the front end of the fuel cycle came together at World Nuclear Symposium 2022 to discuss where they see the pinch points in meeting the needs of expanding nuclear generating capacity to meet decarbonisation goals, and the certainty they need to ensure future needs can be met. A bright outlook for nuclear will mean …
Faced with the most serious energy crisis since the 1970s, the world is turning back to one of the biggest beneficiaries of the 1973 oil embargo: nuclear power. That’s good news, but we should take care. This solution to 2022’s energy security problems risks creating its own energy security headache down the road. That’s because …
A tank with filled uranium solution is seen at Inkai uranium mine near Taikonur settlement in southern Kazakhstan June 5, 2010. Uranium stocks have soared following Japanese Prime Minister Fumio Kishida’s announcement last week that his country would restart idled nuclear plants. (REUTERS/Shamil Zhumatov) Governments from Japan to South Korea to California are making policy …
Following Russia’s invasion of Ukraine in February, the United States, the European Union, as well as other countries imposed punishing economic sanctions in retaliation for its attack. The United States and the European Union (EU), which combined account for about half the global nuclear power capacity, could go one step further by cutting imports of Russian uranium …
The US National Nuclear Security Administration (NNSA) has begun the process to initiate the USA’s strategic uranium reserve, issuing a solicitation to purchase up to an estimated one million pounds of domestically-produced U3O8. The solicitation – which is issued as a Request for Proposal (RFP) – is for purchase of uranium “provided by a vendor that has …
The Biden administration is pushing lawmakers to support a $4.3-billion plan to buy enriched uranium directly from domestic producers to wean the US off Russian imports of the nuclear-reactor fuel, according to a person familiar with the matter. Shares of uranium companies surged. Energy Department officials have met with key congressional staff, where they said such funding …
Miners revive mothballed uranium projects Uranium prices climbed 50% after Russia invaded Ukraine New nuclear plants set to drive global demand Uranium miners are racing to revive projects mothballed after the Fukushima disaster more than a decade ago, spurred by renewed demand for nuclear energy and a leap in yellowcake prices after Russia’s invasion of …
US Energy Secretary Jennifer Granholm said on Thursday that the United States was working on a strategy to ensure steady uranium supply and that the country should not be sending any more money to Russia. Republican Senator John Barrasso, the top Republican on the Senate energy committee, asked Granholm at a hearing on President Joe Biden’s proposed …
Slovakia currently imports uranium from Russia’s TVEL company – a subsidiary of state-owned giant Rosatom – which is the biggest fuel supplier for VVER-440 type reactors. Uranium mining in the country’s east could be a solution to cutting dependency on Russia’s nuclear fuel supplies, Economy Minister Richard Sulík has said. Slovakia currently imports uranium from …
