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 …
Plant Vogtle in Georgia installs more Westinghouse reactors while Oregon-based NuScale awaits final approval of its small modular reactor design There are 53 nuclear reactors currently under construction around the world. Only two are in the United States, once the world’s leader in nuclear energy development. And those two reactors represent expansions of a preexisting …
Work on Units 2-4 was briefly halted after pandemic but have now resumed said FANR. Abu Dhabi: Construction at the Barakah Nuclear Plant continues to remain on track according to the Federal Authority for Nuclear Regulation (FANR), with the COVID-19 pandemic causing no major disruptions to the site. “The construction of Units 2-4 were halted …
RWT Growth and StarCore Nuclear Canada have announced a partnership to bring low cost, clean nuclear energy to remote locations and industries that rely on less environmentally friendly sources power, such as diesel generators. StarCore said the deal represents a benchmark investment both in terms of scale and innovation. StarCore Nuclear Canada utilises technology similar …
The Department of Energy (DoE) has started a new Office of Nuclear Energy project called the Advanced Reactor Demonstration Program (ARDP). The $230 million program will give $160 million to scientists working on two reactor designs that “can be operational” in the very near future. The “Advanced” part of ARDP is an industry term for …
Although a series of mega projects have been postponed in Egypt due to the coronavirus outbreak, work on the country’s first nuclear power plant continues. Amid the coronavirus pandemic that has delayed mega projects scheduled for this year in Egypt, such as the New Administrative Capital and the Grand Egyptian Museum, work on Egypt’s first nuclear project continues around the clock. “The work is …
Making a commitment to build six new EPRs in France would be an “effective stimulus” for the country’s economy as it recovers in the years ahead from the shock of COVID-19, the French nuclear energy society (SFEN) wrote in a position paper published this week. Nuclear energy “ticks all three boxes” highlighted in the debate …
