Voters in Kazakhstan, the world’s largest uranium miner, backed the construction of a nuclear power plant in a referendum on Sunday. Kazakhstan’s central election commission said on Monday that 71% of voters cast their ballots in favor of the government plan to build a new reactor. Turnout was about 64%, well above the threshold necessary …
National Atomic Company “Kazatomprom” JSC participated in the Financing the Tripling of Nuclear Energy Forum hosted by Net Zero Nuclear. The Forum, attended by global leaders of large financial institutions and governmental officials, serves as yet another indicator that the uranium market fundamentals are stronger than ever. Kazatomprom as the largest uranium producer in the …
US uranium production continues to grow, with 2024’s year-to-date production already more than triple that recorded for the whole of 2023, according to the latest figures from the US Energy Information Administration (EIA). Meanwhile, as press reports suggest US concern that its ban on Russian uranium might be being circumvented, the Office of the United …
U.S. production of uranium concentrate (U3O8) in the second quarter of 2024 totaled 97,709 pounds U3O8, an 18% increase from first quarter’s production of 82,533 pounds U3O8. This quarter’s total uranium production occurred at five facilities, four in Wyoming (Nichols Ranch ISR Project, Ross CPP, Lost Creek Project, and Smith Ranch-Highland Operation) and one in …
– President Joe Biden’s administration is probing a surge in imports of enriched uranium from China since late 2023 amid concerns the shipments are helping Moscow sidestep a U.S. ban on imports of the power plant fuel from Russia, Reuters has learned. U.S. House lawmakers passed the ban on Russian enriched uranium in December 2023 …
Vladimir Putin’s threat to curb exports of nuclear fuel risks igniting a global supply crunch that could also cut off billions of dollars to the Russian war machine, experts have warned. The Russian president on Wednesday suggested the Kremlin should consider halting supplies of uranium, nickel and titanium to the West in retaliation for sanctions imposed over …
Russian officials and managers are perplexed by President Vladimir Putin’s surprise threat to limit exports of strategic commodities in response to Western sanctions, and wonder if it can be realised without hurting Russia more than the West. Putin made the suggestion 23 minutes into a routine government meeting on Wednesday, asking Prime Minister Mikhail Mishustin to come …
Russian President Vladimir Putin asked the government to consider if it makes sense to limit exports of some commodities like nickel, titanium and uranium in retaliation for western sanctions. “Russia is the leader in strategic raw materials reserves like uranium, titanium, nickel,” Putin said during the meeting with the government, shown on TV. Since western …
France’s state-owned nuclear fuel company Orano has selected Oak Ridge, Tennessee as a preferred site to build a multi-billion dollar U.S. uranium enrichment plant, Tennessee and Orano officials said on Wednesday. The move comes months after the administration of President Joe Biden signed legislation meant to eventually end dependence on Russia, the world’s top supplier …
Next year could see a tight global uranium-supply market get even tighter The world’s largest uranium producer slashed its 2025 production plans last week, marking what one analyst referred to as the “most meaningful change” to supply announced this year. That threatens to trigger even tighter supplies for nuclear fuel in the months to come …
