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 …
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 …
