On december 3rd McIntyre Partnerships, a hedge fund in New York that normally buys equity and debt securities, told investors it was buying a commodity: uranium. This “slight anomaly” was justified by the metal’s impressive recovery, said its founder, Chris McIntyre. Uranium’s spot price has jumped by 41% since April, to near a two-year high …
Given the security of Hungary’s energy supply as well as economic and climate protection considerations, Hungary has “no alternative” to building a nuclear plant, the minister without portfolio in charge of the upgrade of the Paks nuclear power plant told an international energy conference in Budapest on Tuesday. Climate policy goals cannot be fulfilled without …
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 U.S. uranium mining industry has been devastated. This year, we expect it will provide less than 2 percent of the uranium that our country’s nuclear power plants need to produce 20 percent of our electricity — the lowest U.S. supply level since before the Cold War. This is no accident. We believe this is …
Exclusive to SightlineU3O8: Something odd began to occur in September of this year. For the first time in over a decade, the share price of uranium equities began to fall while the Spot price of uranium continued to rise. The last time this happened, the Spot price was running up over US$100/lb and the equity …
Argentina and China are aiming to close a deal within days for the construction of the South American nation’s fourth nuclear power plant, a multi-billion dollar project that would cement Beijing’s deepening influence in a key regional U.S. ally. Argentina hopes to announce an agreement on the Chinese-financed construction of the Atucha III nuclear power …
Saudi Arabia’s plans to build a nuclear power plant will speed up the Kingdom’s economic development as it would diversify its over-reliance on crude oil, a Saudi energy expert told Sputnik in an interview on Tuesday. “The decision to build a nuclear power plant in the kingdom is the result of serious research that confirmed …
Some say nuclear energy is the stepdaughter of the energy industry. Many investors beg to differ. On November 14, Kazatomprom (KAP), the state-owned uranium production company of Kazakhstan made history by becoming the first initial public offering of a large Kazakh company in more than a decade. This is a dramatic finale for two important …
Westinghouse (the United States) is ready to fully provide all Ukrainian nuclear power plants (NPP) with nuclear fuel, the press service of the Ministry of Energy and Coal Industry has reported, citing the company representatives during a meeting with Energy Minister Ihor Nasalyk. The company assured about the availability of all the technical and logistic …
France is considering restructuring state-owned utility EDF and plans a steady reduction to the country’s reliance on nuclear power, the government said on Tuesday. In a long-awaited speech on energy strategy, President Emmanuel Macron said France would reduce the share of nuclear in the power mix to 50 percent by 2035, down from 75 percent …