Kazakhstan’s uranium exports reach $700M

Kazakhstan exported 14,200 tons of uranium in January-September 2018, which in money amounted to $699.1 million, Trend reports referring to EnergyProm.kz. Thus, uranium exports in physical terms decreased by 18.8 percent, and in money by 17 percent year-on-year due to a decrease in demand in the market of uranium products. The largest supplies of uranium …

Uranium prices: projects flounder as market uncertainty continues

The uranium market is prompting cautious optimism for observers after a 30% price rally since spring 2018, but developing a uranium mine remains a risky proposition for a host of reasons. With the market at a crossroads and high-profile mining projects encountering difficulties at various stages of development, is the optimism justified? After years of …

Rosatom eyes supplying nuclear fuel for China’s new fast neutron reactor

Rosatom plans to produce and supply nuclear fuel for the construction of the Chinese CFR-600 fast-neutron reactor, the press service Rosatom fuel company Tvel reported on Thursday. “TVEL JSC and Chinese company CNLY (a part of CNNC corporation) have signed the contract for supply of nuclear fuel for CFR-600 fast-neutron reactor which is currently under …

Orano commissions new conversion facility

The new Philippe Coste uranium conversion plant at Orano’s Tricastin site in southern France has now been commissioned following the completion of a test programme. Orano said that during the testing programme the plant’s process equipment was progressively started up so that the complete manufacturing line could be tried out. The major equipment of the …

The lights could go out this winter if we close more coal and nuclear power plants

It’s been an early start to winter this year across much of the Central and Eastern United States. And plunging temperatures have highlighted a surprising fact: Not only are natural-gas prices soaring, but fuel stockpiles have dipped to unusually low levels. It’s a somewhat unexpected turn of events — since the United States has been the …

The Uranium Bull Market is Beginning Now as Global Production Plummets

From Adem Tumerkan: For uranium investors – the suspense of a nearing bull market must be maddening. . . We keep hearing – and being promised – that the uranium bull market’s “right around the corner” – only to be left deeper in the red. But things actually have fundamentally changed in the uranium market recently. . . And in terms …

Saudi energy minister says kingdom launches uranium exploration program

Saudi Energy Minister Khalid al-Falih addresses the gathering during India Energy Forum in New Delhi, India, October 15, 2018. REUTERS/Adnan Abidi/File Photo Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration program and initial indications were positive, Al-Arabiya Business reported on Twitter. Falih added that a project to construct …