“This is a bit of a one-two punch in uranium’s favor,” said Nick Piquard, a portfolio manager at Horizons ETFs. “Not only has Covid-19 likely not impacted nuclear power demand very much, but it is certainly impacting supply.” While demand for energy, including nuclear, is taking a hit due to the pandemic, many atomic power …
The U.S. nuclear power fleet last year achieved its lowest recorded average total generating costs in two decades—$30.42/MWh—though it ran at a record-high 93.4% average capacity factor. Total generating costs were 7.6% lower last year compared to the prior year, and have fallen nearly 32% since 2012. The numbers, highlighted in the Nuclear Energy Institute’s …
Canada’s Cameco this week announced it was shuttering Cigar Lake, the world’s largest uranium mine, for at least four weeks after directives from the Canadian and Saskatchewan provincial governments. The Canadians are concerned about the use of fly-in, fly-out workers while COVID-19 is spreading. Meanwhile, Namibia, a key supplier of uranium to China’s nuclear fleet, …
The estimated cost of safety measures at nuclear power plants across Japan has increased fivefold over the past six years to just over 5.38 trillion yen, a Mainichi Shimbun survey has shown. Eleven power producers spent the funds to implement stiffened safety standards at 15 nuclear power plants, including those currently under construction, according to …
The UK government is considering the Regulated Asset Base model for financing new nuclear projects. With the model allowing for revenues to be released during construction, could this model – already proven in other large infrastructure projects – break the impasse that has kept UK nuclear on the back foot in recent years? Chris Lo …
French power utility EDF estimates it would cost at least 46 billion euros ($51 billion) to build six of its latest generation EPR nuclear reactors if the government decides to build them, French newspaper Le Monde reported on Saturday. The estimate was in a confidential document presented to the board of state-controlled EDF at the …
Canada-based uranium producer Cameco (TSX: CCO) has tipped higher revenue and a slightly higher realised price for its key commodity as it swung to a loss in its September quarter results. Its net loss was C$13 million (US$9.9 million) or 3c per share, compared with earnings of $28 million (US$21.3 million) and 7c respectively a …
As a general rule, the most successful man in life is the man who has the best information. Uranium sector won’t catch a break One week ago Cameco announced it will maintain low output levels until uranium prices recover. The Canadian uranium miner also said it might cut production further, having already closed four mines in …
As uranium bulls, we are getting excited for the last few months of 2019 – which could see the uranium price appreciate materially. We are expecting the spot price of uranium to close the year somewhere between $30 and $35 (current spot price is $25.65). This potential 20% rise in the spot uranium price should …
Electricite de France SA, which dominates the nation’s power production, said some of its reactors may contain substandard components. The utility’s shares tumbled. EDF didn’t say if any of the country’s 58 reactors will have to be halted, but electricity prices surged in anticipation of shutdowns. The announcement is another blow to the nuclear industry …