UPDATE 3-France’s EDF: Hercules plan green light would unleash renewables

French power group EDF said on Wednesday it could double its growth target for renewable energy and become a European champion in the field provided a planned re-organisation, code-named Hercules, can get the go-ahead. State-controlled EDF says the revamp, which will separate the debt-laden nuclear power business from the rest of the company’s assets, will …

Honeywell to Reopen Sole U.S. Uranium Conversion Plant

Honeywell is gearing up to reopen the Metropolis Works plant in Metropolis, Illinois—the U.S.’s sole uranium conversion facility—and restart production of uranium hexafluoride (UF6) by early 2023. The Charlotte, North Carolina–based global technology giant told POWER in a statement on Feb. 9 it has communicated to employees and officials its intent to reopen the facility, which it idled …

The Benefit Of Extending Usage of Nuclear Plants

As the weekly uranium spot price continues to move in a tight range, new research explores the effect of delaying nuclear plant closures on global uranium demand. -The effect on uranium demand of delaying plant closures -Fourth quarter results for Kazatomprom -Uranium spot price falls marginally In the wake of President Biden’s inclusion of nuclear …

First silver, now uranium — fears of supply shortages drive up yellowcake share prices

While silver stocks on the ASX retreated after their exuberant buying spree on Monday, Tuesday was a day in the sun for their uranium counterparts. The trigger for the yellowcake stocks was, unlike Reddit in the case of silver, a more established source – the Bank of America (BofA). As the Australian market opened on Tuesday, …

Cameco, Uranium Stocks Soar After BofA Predicts Jump In Global Uranium Demand

While we have previously laid out the bullish case for uranium stocks in general, and Cameco (CCJ) – which controls the world’s largest high-grade uranium reserves and low-cost operations and is one of the largest global providers of the uranium fuel – in particular (here, here, here and here), today this thesis got a swift boost …

Top uranium miner Kazatomprom meets 2020 guidance, production drops 19%

The world’s largest uranium producer Kazatomprom reported Monday that its full-year 2020 uranium production of 10,736 tonnes of uranium (reported as U3O8) was within the guidance despite a 19% production drop over 13,291 tonnes mined in 2019. The company said that on both a 100% and attributable basis, production volumes for the fourth quarter and …

Berkeley threatens to claim 500 million euro from Spain if proposed uranium mine vetoed

Pressure mounts around controversial Retortillo uranium mine project in Spain as Berkeley Energia threatens to claim EUR 500 million (US$603.45 million) from the Spanish government if proposed climate law jeopardizes authorization for Retortillo. Local media sources reported yesterday that Francisco Bellón, president of Berkeley Spain, advised that they will activate all the legal mechanisms at …

Biden can rescue the Nuclear Regulatory Commission from industry capture

Over the past two decades, the US Nuclear Regulatory Commission (NRC) has been captured by the nuclear power companies it is supposed to regulate. The process of capture and resulting erosion of regulation has been driven in part by the increasingly poor economics of nuclear energy as companies struggle to avoid large costs due to …