Musk and Elkann See Eye-to-Eye on Nuclear, Human-Driven Ferraris

(Bloomberg) — Billionaires Elon Musk and John Elkann share optimism about the future of everything from space exploration and energy to artificial intelligence and agree Ferrari NV should steer clear of autonomous-driving technology. The two spoke for more than 45 minutes on Friday during Italian Tech Week, an event the chairman of Ferrari and Stellantis …

Uranium giant in talks to supply Sprott as investor demand soars

Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …

Uranium prices have touched multi-year highs but the rally looks unsustainable into 2022, Morgan Stanley says

Uranium prices have climbed 60% in four weeks as an investment fund embarked on a buying spree. Morgan Stanley commodity strategists say it may be hard to maintain robust investment demand into 2022. The Sprott Physical Uranium Trust has purchased a massive 28 million pounds since mid-August. Uranium prices have shot up about 60% over …

Bruce Power Announces $22 Million ‘Made In Ontario’ Contract

Bruce Power says it’s advancing its ‘Made in Ontario’ economic recovery strategy with a $22 million contract. The nuclear operator announced Thursday (Sept 16) Candu Energy Inc., a member of the SNC Lavalin Group, has teamed up with BWXT Nuclear Energy Canada Inc. to provide 38 drive mechanisms for reactivity control units, to support the …