Kazakhstan’s sovereign wealth fund, Samruk Kazyna, said on Wednesday it had sold a 6.27% stake in Kazatomprom, the world’s top state-owned uranium miner, for $206 million in a move that sought to take advantage of improved market sentiment. The fund, created in 2008, said it sold the shares at $13 per global depositary receipt, a discount of …
Activity in uranium markets slipped back to more normal levels in May as utilities remain reluctant to commit. -US uranium purchases up 20% in 2019 -Purchases from non-allies exceeded those from allies -Utilities still expected to come to the market this year A recent US Department of Energy report into the US uranium market, which …
China probably won’t hit its nuclear energy target this year, but that’s unlikely to derail a broader ambition to become the planet’s chief proponent of the climate-friendly fuel by the end of the decade. In an energy mix that’ll still heavily feature coal and other fossil fuels, government researchers have said that nuclear capacity could …
French nuclear output hit its lowest point since 2012 in May, falling 22.4% year on year to 24.6 TWh, as power demand remains affected by the coronavirus crisis, preliminary data from TSO RTE data showed on Monday. May nuclear output was 8.6% lower than the previous record low, in records going back to 2012, observed …
Three MIT teams to explore novel ways to reduce operations and maintenance costs of advanced nuclear reactors. Nuclear energy is a low-carbon energy source that is vital to decreasing carbon emissions. A critical factor in its continued viability as a future energy source is finding novel and innovative ways to improve operations and maintenance (O&M) …
Today, I am announcing the end of the sanctions waiver covering all remaining JCPOA-originating nuclear projects in Iran – the Arak reactor conversion, the provision of enriched uranium for the Tehran Research Reactor, and the export of Iran’s spent and scrap research reactor fuel. The sanctions waiver covering these activities will end following a final, …
THE RUSSIAN FEDERATION’S ENERGY STRATEGY document sets out energy policy up to 2020. Its main provisions were approved by the government in 2000 and confirmed in 2003. The strategy outlines several priorities: an increase in energy efficiency; reduction of environmental impacts; more sustainable development, energy development and technological development; as well as improved effectiveness and …
Research reactors can be used for a variety of purposes, from training nuclear engineers and conducting scientific research, to producing radioisotopes and developing advanced materials. But before a country can embark on a new research reactor project, it must first have in place the proper infrastructure. “The IAEA provides guidance on issues in establishing and implementing …
The coronavirus crisis is causing the biggest fall in global energy investment in history. Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA). Fossil fuels are hit hardest, with a 30% funding drop expected for oil and a 15% fall for coal. …
Uranium is one of the few commodities that has witnessed a notable price increase amid the outbreak of novel coronavirus. While the recent pandemic weighed heavily on demand and prices of most energy products plus industrial metals like copper and steel, uranium’s use as a key power generation fuel has kept its consumption stable. The …
