Category: Supply

Chairs Rodgers, Duncan, & Johnson Notice Joint Legislative Hearing on Unleashing American Energy

By John Dyer   Posted in Politics Supply U
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House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA), Energy, Climate, & Grid Security Subcommittee Chair Jeff Duncan (R-SC), and Environment, Manufacturing, & Critical Materials Subcommittee Chair Bill Johnson (R-OH) today noticed a joint legislative hearing to discuss solutions to restore American energy dominance. “A key responsibility for Energy and Commerce is to help …

US DOE awards $14 million to US uranium converter for reserve program

By John Dyer   Posted in Demand Nuclear Attitude Supply U
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DOE had previously purchased domestic U3O8 from miners Uranium will be stored as UF6 ready for enrichment Several US uranium companies plan production restart ConverDyn has received a $14 million award for uranium conversion services from the US Department of Energy under its $75 million program to create a domestic uranium reserve to boost energy …

Uranium exploration supported in Canadian critical minerals strategy

By John Dyer   Posted in Nuclear Attitude Supply U
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The government’s newly released strategy maps out how Canada can seize the “generational opportunity” presented by a global energy transition underpinned by the exploration, extraction, processing, product manufacturing and recycling of critical minerals including uranium. The Canadian Critical Minerals Strategy was released on 9 December by Minister of Natural Resources Jonathan Wilkinson, who said it will position …

Westinghouse to be sold in $7.9-bln deal as interest in nuclear power grows

By John Dyer   Posted in Nuclear Technology Reactors Supply U
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 Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of $4.5 billion comes at a …

Revival of nuclear power puts uranium in spotlight on the commodity market

By John Dyer   Posted in Demand Supply U
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With the rising price of oil and natural gas this year and supplies being embargoed from Russia, talk of nuclear power has increased substantially. Today we look at the commodity powering nuclear plants – uranium. Background Uranium occurs naturally in low concentrations in soil, rock and water, and is commercially extracted from uranium-bearing minerals such as …

US redoubles efforts to end dependence on Russian nuclear fuel

By John Dyer   Posted in Demand Supply U
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The Biden administration’s top energy official said the U.S. will redouble its efforts to break free from its reliance on Russian nuclear fuel. Secretary of Energy Jennifer Granholm said the White House is prioritizing development of domestic uranium-enrichment capacity and predicted key legislators will fall in line, so that a fuel-manufacturing plan can be in …

A Nuclear Renaissance Means More Competition For Uranium

By John Dyer   Posted in Demand Supply U
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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 …

Fuel cycle players need certainty to support future nuclear growth: panel

By John Dyer   Posted in Politics Production U
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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 …