Kazatomprom, the world’s biggest uranium miner, warned that it’s likely to fall short of its production targets over the next two years, adding another risk to supply as demand for the nuclear fuel rebounds. The London-listed company, which is controlled by Kazakhstan’s government via its sovereign wealth fund, said on Friday that shortages of sulfuric …
The price of the nuclear fuel has hit its highest level since 2007. The market is only getting tighter. Uranium has been a hot commodity, and its rally could have a long half-life. Spot prices for triuranium octoxide, the form of the commodity that is widely traded, hit $92.50 a pound on Monday, more than …
Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department is requesting proposals from US companies to produce a type of fuel known as high-assay low-enriched uranium, or HALEU, it said Tuesday. It …
The UK government has announced it will invest GBP300 million (USD381 million) to launch a high-assay low-enriched uranium (HALEU) programme, making the UK the first country in Europe to launch such a nuclear fuel programme. The UK Department for Energy Security and Net Zero (DESNZ) said the investment will support domestic production of HALEU and …
The price of uranium reached the highest level for almost 17 years on Friday, driven by constrained supply and accelerating demand, against a backdrop of renewed interest in nuclear power. The benchmark contract for uranium oxide which, once enriched, is used as nuclear fuel, rose to $85.75 a pound (around 450 grams) for the first …
Tenex, a Russian state-owned uranium company, is warning American customers that the Kremlin may preemptively bar exports of its nuclear fuel to the US if lawmakers in Washington pass legislation prohibiting imports starting in 2028, according to people familiar with the matter. Tenex’s US subsidiary has told electric companies including Constellation Energy Corp., Duke Energy …
Transforming seawater into a viable fuel may sound like a dream, up there with turning water into wine—but there may be something in it. This is the conclusion of a team of researchers from China, who have developed a new way to extract nuclear fuel from the world’s oceans. While nothing to worry about next …
The US House voted Monday to approve legislation that would bar the importation of enriched Russian uranium, sending the measure to the Senate where it has support but limited time for passage this year. The Prohibiting Russian Uranium Imports Act, which was approved by voice vote, would bar Russian uranium imports 90 days after enactment …
Leaders from the United States, Canada, France, Japan, and the United Kingdom today announced plans to mobilize $4.2 billion in government-led investments to develop a secure, reliable global nuclear energy supply chain. These investments will enhance uranium enrichment and conversion capacity over the next three years and establish a resilient global uranium supply market free …
Legislation that would bar the import of enriched Russian uranium into the US has been teed up for a vote in the US House of Representatives. The Prohibiting Russian Uranium Imports Act, by Washington Representative Cathy McMorris Rodgers, has been scheduled for consideration next week under an expedited procedure that requires two-thirds majority to pass, …
