IEA recovery plan says investing in nuclear will generate jobs and help secure a sustainable clean energy future

Today the International Energy Agency (IEA) has released an energy-focussed COVID-19 recovery plan identifying actions that will “move the world towards a cleaner and more resilient future.” Investment in existing nuclear plants, new nuclear build and supporting innovation in small modular reactors are among measures proposed to support a broad range of clean energy technologies. …

Power sector problems see greenhouse gas target missed

Problems in the power sector have seen Scotland’s greenhouse gas emissions rise and the 2018 target being missed. Scottish government figures show source emissions increased by 1.5% largely because of the long-term shutdown at Hunterston nuclear power station. It led to more electricity being generated at the gas-fired Peterhead power station, where emissions doubled. A Scottish …

The US uranium purchases from non-allies exceeded those from allies for the first time

Activity in uranium markets slipped back to more normal levels in May as utilities remain reluctant to commit. -US uranium purchases up 20% in 2019 -Purchases from non-allies exceeded those from allies -Utilities still expected to come to the market this year A recent US Department of Energy report into the US uranium market, which …

How The Uranium Market Will Evolve For The Post-Pandemic Energy World

The Uranium Committee  of the Energy Minerals Division of the American Association of Petroleum Geologists just released their draft 2020 Annual Report last week and the prices and supplies of U look pretty good. The Uranium Committee monitors the global uranium industry activities, rare earth metals, and the production of electricity from nuclear power, because these drive uranium …

US uranium output shrinks 89% in 2019

US domestic production of uranium concentrate plunged 89% to 174,000 pounds of U3O8 (triuranium octoxide) last year, according to the latest annual report published by the US Energy Information Administration (EIA). This also represents a steep decline compared to the 4.89 million pounds the US produced five years earlier. The production of uranium concentrate is …

Covid-19 Has Slammed the Energy Sector. Here’s a Hot Commodity That Could Keep Rising

Uranium has outperformed major commodities this year, even as the energy sector has suffered from a drop in petroleum demand tied to the coronavirus pandemic. The crisis was a “black swan event” that pushed supply-demand fundamentals into a “structural shortfall,” says Scott Melbye, executive vice president at Uranium Energy Corp. “Substantial global uranium mine disruptions” …