The contrarian in me loves how hated uranium has become again. Even some longtime uranium bulls are throwing the towel in. I can see why, so it’s prudent to ask if I could be wrong in my outlook. And of course I could be; I’m a speculator, not a time traveller. That said, I’ve compared …
As uranium bulls, we are getting excited for the last few months of 2019 – which could see the uranium price appreciate materially. We are expecting the spot price of uranium to close the year somewhere between $30 and $35 (current spot price is $25.65). This potential 20% rise in the spot uranium price should …
Russia and Uganda have agreed to work together in the field of nuclear energy, the Russian nuclear agency Rosatom said Wednesday. This comes as Moscow seeks to strengthen its influence in Africa. State-owned Russian companies have been key part of the strategy to bolster Moscow’s presence in Africa. President Yoweri Museveni is seeking to use …
A new small modular reactor (SMR) design has been announced by the French Alternative Energies and Atomic Energy Commission (CEA), EDF, Naval Group and TechnicAtome. The Nuward – with a capacity of 300-400 MWe – has been jointly developed using France’s experience in pressurised water reactors (PWRs). In a joint statement, the organisations said the …
The importance of nuclear energy for the transition toward a clean and affordable energy system was highlighted at the 24th World Energy Congress in Abu Dhabi this week, industry consultant TradeTech reports. During a nuclear industry panel, Mohamed Al Hammadi, CEO of Emirates Nuclear Energy Corp, noted that nuclear technologies are “proven, economically viable, safe, …
An International Atomic Energy Agency (IAEA) team of experts has completed a review of long term operational safety at the Koeberg Nuclear Power Plant (NPP) in South Africa. The Pre-SALTO (Safety Aspects of Long Term Operation) review mission was requested by the Government of South Africa’s Department of Energy. Koeberg is South Africa’s only nuclear …
The first-ever floating nuclear power plant, built by Russia, has arrived at its Arctic port in the nation’s far east. The Rosatom nuclear agency reported that the Akademik Lomonosov ship-borne reactor plant is at the Pevek port and nearly ready for commercial operation. Power Engineering reported in April that the Lomonsov passed a series of tests …
A deal would see British Gas-owner Centrica and EDF Energy cut their stakes in the UK’s nuclear power stations, Sky News learns. A consortium of infrastructure funds is in advanced talks to buy a stake in the UK’s £6bn ageing fleet of nuclear power stations amid growing concerns about their reliability. Sky News has learnt …
The use of nuclear science and technology for peaceful purposes is to become more widespread in Southeast Asia, following the signature of Practical Arrangements between the IAEA and the Association of Southeast Asian Nations (ASEAN) on the margins of the IAEA’s General Conference today. These Practical Arrangements, which were signed by IAEA Acting Director General …
CNNC began shipping Chinese-made fuel assemblies for the Fuqing Nuclear Power Plant, the world’s first HPR1000 (Hualong One) nuclear reactor, on Sept 10. The assemblies first had to pass inspection. Construction on the world’s first HPR1000 nuclear reactor is progressing according to schedule. The fuel assembly shipment marks that CNNC is now capable of mass …
