Slovenia will make a decision by 2027 at the latest on whether to build a second nuclear power plant at its existing Krško site, Infrastructure Minister Jernej Vrtovec has said during a visit to the plant site on 22 May. The minister also called for an immediate start on the construction of a storage facility …
The Trump administration’s recent Nuclear Fuel Working Group report provides a sobering view of the national security threat posed by Russia’s aggressive global strategy to dominate the nuclear power and fuel industry to extend its geopolitical influence. The report warns of Russia’s efforts to increase its market share of the U.S. nuclear fuel industry and …
Uranium market shift is underway with recent price correction representing the first indication that we are reaching the tipping point. View a 3-minute video here. About Purepoint Purepoint Uranium Group Inc. is focused on the precision exploration of its nine projects in the Canadian Athabasca Basin, the world’s richest uranium region. Established in the Athabasca Basin …
According to a report released by the US Energy Information Agency last week, US uranium production in 2019 totalled 170,000lbs U3O8, down -76% on 2018. Total shipments of uranium concentrate from US producers were 190,000lbs in 2019, -87% less than in 2018. The EIA noted that total employment in the US uranium production industry was …
Russia’s controversial floating nuclear power plant, the Akademik Lomonosov, has been fully commissioned at a port in Siberia’s Far East, despite widespread environmental and safety concerns, the nuclear utility Rosenergoatom reported on Friday. In a statement, Andrei Petrov, the company’s head, said that that construction of the floating plant “could be considered complete,” and the Akademik …
The Uranium Committee of the Energy Minerals Division of the American Association of Petroleum Geologists just released their draft 2020 Annual Report last week and the prices and supplies of U look pretty good. The Uranium Committee monitors the global uranium industry activities, rare earth metals, and the production of electricity from nuclear power, because these drive uranium …
In the uranium market, there are three large western converters where most trading and physical delivery of material take place: Cameco’s Port Hope (“CMC”) in Canada, ConverDyn’s Metropolis (“CVD”) in the United States and Orano’s Comurhex (“CHX”) in France. Historically, uranium for delivery at each location was priced relatively tightly (say $0.10 – $0.50) with …
US domestic production of uranium concentrate plunged 89% to 174,000 pounds of U3O8 (triuranium octoxide) last year, according to the latest annual report published by the US Energy Information Administration (EIA). This also represents a steep decline compared to the 4.89 million pounds the US produced five years earlier. The production of uranium concentrate is …
Today, U.S. Senator John Barrasso (R-WY), chairman of the Senate Committee on Environment and Public Works (EPW), and Sens. Martin Heinrich (D-NM), Lisa Murkowski (R-AK), Joe Manchin (D-WV), Mike Braun (R-IN), Tom Udall (D-NM), Kevin Cramer (R-ND), Mike Enzi (R-WY), Tom Cotton (R-AR), and Lindsey Graham (R-SC) sent a letter to Department of Commerce Assistant …
Uranium mining hopefuls are fond of tables showing how many reactors are operating around the world and — even more exciting — how many are in construction, being planned or being thought about. The picture from the 2020 annual report of the Paris-based Nuclear Energy Agency (NEA) reveals a situation where, yes, there are more …
