See how COVID-19 has crippled uranium production and seriously eroded the 2020 Uranium Cost Curve, moving us closer to the market’s long awaited tipping point. Click here to view it. Source: Purepoint Uranium Group Inc.
Uranium has outperformed major commodities this year, even as the energy sector has suffered from a drop in petroleum demand tied to the coronavirus pandemic. The crisis was a “black swan event” that pushed supply-demand fundamentals into a “structural shortfall,” says Scott Melbye, executive vice president at Uranium Energy Corp. “Substantial global uranium mine disruptions” …
Some of what you’ve heard about nuclear waste is true. It really can take thousands of years to decay, and even the briefest exposure to the most dangerous kind can be lethal. But in my ten years working with and researching nuclear waste, I’ve also encountered a lot of nonsense. It’s simply not as bad as …
A nuclear reactor core is one of the most extreme human-made environments on the planet. These scientists just figured out how to print one. KURT TERRANI WANTS to accelerate the future of nuclear energy—so he’s turned to its past. Over the last year and a half, Terrani and a team of physicists, engineers, and computer scientists …
The U.S. nuclear industry is coming off its best year ever. Electricity production from nuclear plants hit at an all-time high in 2019 as we led the world in generating more than 809 billion kilowatt-hours of electricity, which is enough to power more than 66 million homes. Yet, despite operating the largest fleet of reactors in …
Uranium futures are one of the few contracts that has experienced price gains in recent weeks, as the economic impact of Covid-19 continues to weigh heavily on prices for most commodities. Front-month uranium futures settlement prices traded up to $32.50/pound in late April, compared with around $24/pound in early March, when most of the world’s advanced economies …
Uzbekistan’s Ministry of Energy has published a detailed ‘Concept Note’ outlining its strategy on electrical generation to the year 2030. The document anticipates a sharp reduction in the country’s reliance on gas-fired power generation from the current 83% to 50%, and sets goals for new nuclear, solar and wind power production of 15%, 8% and …
The Egyptian nuclear project is underway, despite the restrictions imposed by the outbreak of the novel coronavirus and the Egyptian authorities’ decision to postpone the opening of major projects, including the new capital. In remarks to Asharq Al-Awsat, Grigory Sosnin, the director of the Dabaa nuclear project, said that the company “has taken a set …
Uranium is having a moment in 2020, climbing a third in six weeks while much of the commodities universe melts down. Years of poor economics and weak investment, combined with the impact of pandemic-related mine closures, are adding up to a supply squeeze, despite demand softened by industrial lockdowns. There will be no swift return to lofty levels last seen over a decade ago, but …
Uranium futures is one of the few contracts that has experienced price gains in recent weeks, as the economic impact of COVID-19 continues to weigh heavily on prices for most commodities. Front-month uranium futures settlement prices have traded up to $32.50/pound in late April, compared with around $24/pound in early March, when most of the world’s advanced …
