Uranium purchases and prices Owners and operators of U.S. civilian nuclear power reactors (civilian owner/operators, or COOs) purchased a total of 51.6 million pounds U3O8e (equivalent1) of deliveries from U.S. suppliers and foreign suppliers during 2023, at a weighted-average price of $43.80 per pound U3O8e. The 2023 total of 51.6 million pounds U3O8e was 27% …
Mining, production, shipments, and sales U.S. uranium mines produced 50,000 pounds of of triuranium octoxide (U3O8), or uranium concentrate in 2023, a significant decrease from the 194,000 pounds produced in 2022 as no production occurred at White Mesa Mill in Utah. The production of uranium concentrate is the first step in the nuclear fuel production …
US nuclear operators will have to show alternatives unreasonably priced Russia supplies one-fifth of enrichment to US reactor operators Congress passed ban but allowed waivers through end of 2027 The US Department of Energy has issued details of a process it will use to evaluate requests for a waiver of a ban on imports of …
Russia’s state-owned uranium supplier Tenex has notified US customers they have 60 days to secure a waiver exempting them from a law recently signed by President Joe Biden that bars imports of the company’s nuclear fuel. The force majeure notice seen by Bloomberg was sent to utilities including Constellation Energy Corp., the largest US nuclear …
Russian supplies of enriched uranium to be barred in 90 days Move could boost costs for US nuclear plants, risk retaliation President Joe Biden on Monday signed legislation banning the import of Russian enriched uranium, starting a 90-day countdown until limits on shipments of the reactor fuel take effect. Biden’s signature also unlocks some $2.7 …
NexGen Energy Ltd has said its newly announced strategic purchase of 2.7 million pounds U3O8 (1039 tU), together with a recent share placement, “will significantly assist the company in funding the anticipated capital needs to develop the Rook I Project” in Canada. Denison Mines Corp intends to use its physical uranium investment to support future …
Today, U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), spoke on the Senate Floor about his legislation to ban the import of Russian uranium. The legislation, which recently passed the Senate with unanimous support, now heads to the White House to become law. Reclaiming American nuclear energy is …
The U.S. has been preparing since 2022 for the possibility that Russian President Vladimir Putin would stop selling it nuclear power fuel, and a pending ban on Russian imports will help boost domestic capacity to process uranium fuel, the outgoing top nuclear energy official told Reuters. The U.S. Senate passed legislation on Tuesday that bans the imports …
The move could set uranium prices up for a return to $100 a pound or more: analyst A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices back above $100 a pound for the nuclear fuel which has been tight on supplies. “The Russia …
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel. The Prohibiting Russian Uranium Imports Act, approved by unanimous consent, would bar US imports 90 days after …
