Uranium import probe threatens U.S. nuclear power industry

U.S. nuclear power generators urged the federal government against taking action in a dispute over imported uranium, arguing tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut, according to a statement emailed on Wednesday. The U.S. Department of Commerce launched a “Section 232” investigation into uranium imports …

Kazakh President receives Kazatomprom CEO

Head of State Nursultan Nazarbayev had today a meeting with Chairman of the Management Board of National Atomic Company Kazatomprom JSC Galymzhan Pirmatov, Kazinform has learned from the press service of Akorda. The President underlined that Kazatomprom is one of the largest national companies in Kazakhstan and holds leading positions in the world nuclear industry. …

Hope To Send Uranium Shipment To India In Near Future: Australia

Australia’s High Commissioner to India, Harinder Sidhu, on Tuesday expressed hope that the country would be sending a consignment of uranium to India in the “near future”. Speaking at the Australia Fest in Delhi, Mr Sidhu said, “Foreign Minister Julie Bishop was here (in India last year) and after prime minister’s visit, she had mentioned …

Challenging the nuclear finance status quo

Financial challenges facing nuclear energy need to be tackled by disrupting the status quo to help drive down costs, delegates heard at the recent World Nuclear Association 2018 Symposium in London. Excluding nuclear energy drives up the cost of electricity in future low-carbon scenario projections, Idaho National Laboratory’s David Petti, executive director of the recently released MIT …

America’s National Security Is Undermined by Reliance on Foreign Uranium

Nuclear power generation provides about 11 percent of the world’s electricity from approximately 450 nuclear reactors. The United States is far and away the world’s largest producer of nuclear power, accounting for more than 30 percent of worldwide nuclear generation of electricity. The United States has 99 nuclear reactors, which produced 805 billion kilowatt hours (kWh) in …

Russia, China Discuss Joint Development of Overseas NPP Projects – Rosatom

Russian State Nuclear Energy Corporation Rosatom has held initial discussions with its Chinese partners on potential projects to jointly build nuclear power plants in third states, Rosatom CEO Alexey Likhachev said on Wednesday. The discussions have started. The talks are on the initial stage,” Likhachev said at the Eastern Economic Forum (EEF). Earlier this year, Rosatom state …

Uranium supply crunch may be just around the corner

Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …