While most commodities have been battered amidst the Coronavirus pandemic, uranium is heating up, and is experiencing a price spike on the back of tightening supply. According to an article by Bloomberg, the radioactive metal used in nuclear fuel has climbed 31% this year, making it the world’s best-performing major commodity. These gains have been …
The King Abdullah Petroleum Studies and Research Center (KAPSARC) published a new commentary that explores the Saudi nuclear energy project. The paper said that establishing a nuclear sector in Saudi Arabia would lead to lower unemployment, increase average wages, and help the Kingdom in meeting its desalination needs. “Nuclear desalination makes sense for Saudi Arabia, …
Construction is to be resumed of the prototype CAREM-25 reactor and a used fuel dry storage facility, as well as the refurbishment of the Atucha 1 nuclear power plant, Nucleoeléctrica Argentina SA (NA-SA) announced. Energy Minister Sergio Lanziani said the projects – work on which was suspended last year “due to breaches by contractor companies” …
While most commodities are getting hammered by the coronavirus crisis, uranium prices are skyrocketing. The radioactive metal used in nuclear fuel has climbed 30% this year, making it the world’s best-performing major commodity. The gains have been spurred by mine shutdowns that have wiped out more than a third of annual global output at a …
Summary An interview where Old West portfolio manager Brian Laks discusses his views on the uranium market and specific companies to take advantage of the potential bull market coming. Recently, the spot price has surged 30% after key global mines like Cigar Lake or Kazatomprom’s have shut down due to Covid-19 precautions. What’s next? What’s …
“This is a bit of a one-two punch in uranium’s favor,” said Nick Piquard, a portfolio manager at Horizons ETFs. “Not only has Covid-19 likely not impacted nuclear power demand very much, but it is certainly impacting supply.” While demand for energy, including nuclear, is taking a hit due to the pandemic, many atomic power …
The U.S. nuclear power fleet last year achieved its lowest recorded average total generating costs in two decades—$30.42/MWh—though it ran at a record-high 93.4% average capacity factor. Total generating costs were 7.6% lower last year compared to the prior year, and have fallen nearly 32% since 2012. The numbers, highlighted in the Nuclear Energy Institute’s …
Russian State Expert Examination Board (Glavgosexpertiza) has approved plans to build the infrastructure needed to support the floating nuclear power plant (FNPP) Akademik Lomonosov in the city of Pevek, which is in Russia’s Chukotka region. The plant, which comprises two 35-megawatt KLT-40C reactors, started commercial operation in December last year. Glavgosexpertiza announced on 15 April …
A massive supply deficit in the uranium market is driving prices to four-year highs at record speed as the coronavirus pandemic wrecks global supply chains. One of the world’s largest producers, Cameco (NYSE:CCJ) has now shut its Port Hope fuel service facility just weeks after suspending operations at its flagship Cigar Lake mine in northern …
Due to COVID-19 containment measures as well as a slump in most every commodity outside of precious metals, uranium production is down by about 50%. Haywood Securities added up the numbers after Cameco (TSE: CCO) announced operation suspensions, writing in a note published Tuesday that “the world’s largest producers [are] announcing a string of temporary …
