The national atomic company has signed a new subsoil use agreement with Kazakhstan’s Minister of Energy and received approval for up to four years of pilot production of a total of 701 tU from the Inkai 3 deposit. Inkai is a key uranium deposit, located in the Suzak district of Turkestan region. The Inkai 3 …
French President Emmanuel Macron confirmed on Wednesday a project to build eight new nuclear reactors in France which he said were “essential” to the country’s energy transition. Macron made the comment during a speech addressing his decision to call a snap parliamentary election after the far-right pummeled his party in Sunday’s European Parliament election. Source: …
South Korea has struck deals with Kazakhstan to allow its firms to explore for critical minerals in the Central Asian state, it said on Wednesday, as the home to major chip producers and leading carmaker Hyundai moves to diversify its supply chains. South Korean President Yoon Suk Yeol is on a state visit to Kazakhstan …
IAEA Director General Rafael Mariano Grossi address the Nuclear Pools’ Forum in Zurich. (Photo: D. Candano Laris/IAEA) IAEA Director General Rafael Mariano Grossi is in Switzerland this week to engage with insurance executives about the potential of nuclear power. As part of growing interest from non-traditional audiences about the potential of expanding nuclear energy to …
Nearly three years after TerraPower announced it would build its inaugural Natrium nuclear plant in Wyoming, the company’s founder — Microsoft billionaire Bill Gates — was on hand to celebrate the first major construction milestone for the project. Approximately 300 local and state officials, as well as business partners attended the groundbreaking ceremony. “This reactor …
Britain’s governing Conservatives promised to scale up nuclear power to bolster the country’s energy security, including through two new fleets of small modular reactors and a gigawatt power plant in North Wales, if they win the upcoming election. In a manifesto, outlining its policy plans ahead of the July 4 election, the Conservative Party said …
Italian energy company Nucleo confirms it is seeking to build 20 mini reactors in the United Kingdom. Nucleo says it is aiming to take advantage of plans for nuclear power expansion in the UK and wants to build 20 mini reactors at various locations on six sites close to energy intensive industries. The plants would …
Governor Gretchen Whitmer said Monday that restarting a nuclear power plant on Lake Michigan is necessary to reach her goal of generating all the state’s electricity without burning fossil fuels. Whitmer was part of an economic forum in Detroit, where she said affordable and accessible energy is critical to the state’s future. And she said …
The company that operates Belgium’s nuclear power plants Engie Electrabel will not be using any uranium from Russia to keep the Doel 4 reactor in East Flanders and the Tihange 3 reactor in Liège Province running until 2035. Instead Engie Electrabel has signed contracts with western supplies for the uranium that will be needed to …
Uranium purchases and prices Owners and operators of U.S. civilian nuclear power reactors (civilian owner/operators, or COOs) purchased a total of 51.6 million pounds U3O8e (equivalent1) of deliveries from U.S. suppliers and foreign suppliers during 2023, at a weighted-average price of $43.80 per pound U3O8e. The 2023 total of 51.6 million pounds U3O8e was 27% …
