Democrats on the U.S. House Committee on Ways and Means released a raft of proposed new and revised tax credits late Sept. 10 as part of a $3.5 trillion budget reconciliation package aimed in part at avoiding the worst effects of climate change. The committee’s tax proposals include major extensions of existing production and investment …
A new uranium fund that’s snapping up supplies signals the start of a lasting bull run for the commodity used to power nuclear plants. That’s the view of Nick Piquard, a portfolio manager at Horizons ETFs, who expects prices to soar above $60 a pound in the coming months. That would be about 40% higher …
Summary Uranium is the critical commodity for nuclear energy production, and it is hot in the news recently. The market lives in a perpetual mining supply/utility demand imbalance and relies on non-conventional, secondary supply to survive. Recently Sprott Physical Trust entered the market and generated chaos with frenetic buy. With the proper government backing, the …
Investment funds are shaping the uranium spot market leading to an unprecedented level of demand. How those funds will affect the availability of secondary supplies of uranium to consumers remains to be seen, and the spot market should not be seen as a reliable source for significant purchases of uranium ore in the long term, …
Consideration of small modular reactors (SMRs) for the Caribbean island of Puerto Rico is advancing to the second stage. Having concluded such a deployment was feasible, the Nuclear Alternative Project (NAP) is now looking at siting requirements. Speaking at World Nuclear Association’s Annual Symposium yesterday, Eddie Guerra of NAP said the results of a study …
World nuclear generating capacity is set to continue its upward trend with demand for uranium fuel increasing over the period to 2040, according to the projections in the latest edition of World Nuclear Association’s Nuclear Fuel Report. Uranium resources are more than enough to meet that demand, but intense development of new projects will be …
EDF EDF.PA said nuclear power generation at its French reactors rose 26.5% in August to 29 terawatt hours (TWh), compared with 22.9 TWh in the same month last year, reflecting the impact of the coronavirus crisis a year ago. In a website update, EDF said total nuclear generation in France since the start of the …
The project for the development of nuclear energy worth $9.6 billion presented in the United States includes the construction of two power units of the Khmelnytsky nuclear power plant (NPP) and small modular reactors (SMRs), as well as a project for the construction of a nuclear fuel production plant on the basis of PJSC Skhidny …
The agreement strengthens bilateral collaboration at different levels between both parties. Rabat – Morocco’s Ministry of Energy, Mines, and Environment and the Hungarian Ministry of Innovation and Technology signed a Memorandum of Understanding (MoU) on September 3. The MoU seeks to enhance cooperation between the two countries pertaining to the training of the nuclear industry …
Morgan Stanley is tipping a short-term (spot market) uranium price of $US48.50/lb in 2024, with long term contracts far higher. A fresh wave of optimism is washing across Australian uranium explorers as nuclear power stakes a claim in the drive to decarbonise the world, but a second wave of genuine demand from power utilities is …