Nuclear policy ‘U-turns’ bullish for Canadian uranium producer Cameco

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 …

US and EU imports of Russian uranium and enrichment services could stop. Here’s how.

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 …

US NNSA initiates process to purchase strategic 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 …

US seeks $4.3bn for uranium to wean off Russia supply

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 …

US working on uranium strategy, weighs ban on Russian imports: Energy secretary

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 looks to home-grown uranium to cut Russian nuclear dependence

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 …

MEPs demand full embargo on Russian imports of oil, coal, nuclear fuel and gas

Call for a special UN tribunal for war crimes in Ukraine Step up delivery of weapons to allow Ukraine to defend itself Use of weapons of mass destruction by Russia would be met with severest consequences Parliament expresses indignation over reported atrocities by the Russian armed forces and demands that perpetrators of war crimes be …

The U.S. is miles away from true energy independence, and it’s not because of oil

After Russia’s invasion of Ukraine began in late February, global energy costs skyrocketed, and U.S. consumers were hit with record high prices at the gas pump. President Biden banned Russian oil imports and was quick to call for U.S. “energy independence” as Americans felt the sting of inflation rates not seen in four decades due in large part to energy …