The nuclear industry should work with policymakers on the design of market mechanisms that can produce a clear price signal to attract investors to this low-carbon form of electricity, Jostein Kristensen, partner with economics consultancy firm Oxera, told participants in World Nuclear Association’s Strategic eForum last week. Markets currently do not reflect the value of …
As the single-largest carbon-free source of electricity, nuclear power often plays a big part in plans to decarbonize energy. Many policymakers insist that nuclear must be part of any solution to avoid the worst consequences of climate change over the coming decades. But as the debate over preserving existing nuclear plants and supporting advanced nuclear …
Summary After recent supply cuts, Uranium was in a supply deficit coming into 2020. COVID-19 further reduced supply, for both 2020 and 2021, with the two largest producers now buying in the spot market. Uranium prices have to significantly increase to encourage new supply. After a decade long bear market, the time to invest in …
VIETNAM has been urged to reconsider its nuclear power programme as it struggles to meet demand for electricity in the nation. The recommendations for nuclear energy come as the government gathers public input for its 2021-2030 National Energy Master Plan. Vietnam Mining Technology Association chairman Tran Xuan Hoa said Vietnam’s energy imports has continued to …
Summary Cameco’s profitability relies on uranium pricing moving up from current cycle lows. COVID-19 has interrupted Cameco’s production and has added more uncertainty to global supply. Demand for nuclear energy and reactor construction has slowed in western nations in the wake of the Fukushima disaster. The bull case for uranium demand growth hinges on a …
IN JUNE, EDF ENERGY ANNOUNCED it had completed the 49,000-metric-tonne concrete basemat for the second EPR reactor at Hinkley Point C in Somerset. The milestone was achieved “on schedule”, despite the coronavirus pandemic and a reduction of “more than half” in the number of workers on site since March. Completion came less than a year …
Kazakhstan’s JSC National Atomic Company Kazatomprom plans to return staffing levels at its uranium mines to normal by around the end of this month. The number of employees at the mine sites was reduced between April and July in response to the COVID-19 pandemic. In a trading update yesterday, the company said: “Thanks in part …
The Kingdom of Saudi Arabia, with help from China, has built a facility for the extraction of uranium yellowcake, a potential precursor to fuel for a nuclear reactor, in a remote desert location near the small city of Al Ula, the Wall Street Journal newspaper reported citing Western officials with knowledge of the site. The facility, …
Kazakhstan-based Kazatomprom is mobilising employees and expects to have its sites back to normal staff levels within two to three weeks. The world’s largest uranium producer said on Monday it believed it could safely begin to bring staff back to its mine sites, after a four-month Covid-19-related shutdown. Production in the second half of the …
CNNC Rössing Uranium has been a feature of the Namibian economy for close to 44 years and has made significant contributions to the development of Namibia. I am confident that Rössing will continue to be a major supplier of energy to the world, as well as delivering value to shareholders and other stakeholders, for a …