NAC Kazatomprom has changed its strategy to be more responsive to prevailing market conditions, CEO Galymzhan Pirmatov told delegates attending the World Nuclear Association Symposium 2018 in London today. Over the past 20 years the Kazakh uranium producer has transformed from a small uranium company to the largest uranium producer in the world, and diversified …
Production cuts, halted projects and operations, as well as renewed interest from investors has helped drive uranium prices up by 30% in the past four months, but experts remain cautious about the long-term outlook for the commodity. Decade-low prices have had a negative effect on the profitability of existing mines and a devastating effect on the capacity …
Power was restored to a nuclear energy plant in Hokkaido, northern Japan on Thursday after a strong earthquake left it relying on emergency generators for 10 nervous hours, but it may be a week before lights are back on all over the major island. Triggering a blackout just after 3 a.m. local time, the magnitude …
EXCLUSIVE TO SIGHTLINE U3O8 – In 2011, after suffering nearly three years of declining U3O8 prices, uranium companies were energized at what appeared to be a rapid return in the spot price as it leapt nearly 50% to close the month of February at US$70.00. Two weeks later, the excitement came to an abrupt halt …
Japan is set to once more reduce its reliance on LNG and increase use of nuclear power, according to reports cited by Reuters. The country is restarting more nuclear reactors this year, with Kansai Electric and Kyushu Eelectric both having put their nuclear operations back into action recently. Kansai Electric Power is set to restart its …
A draft updated Integrated Resource Plan (IRP) approved by South Africa’s cabinet on 22 August sees the country’s nuclear capacity remaining at its current 1830 MWe over the period to 2030. Energy Minister Jeff Radebe yesterday released the plan for public comment. Under IRP 2018, coal would represent 46% of South Africa’s installed capacity mix, …
Kyushu Electric Power Co may start restricting third-party supplies of solar energy after it restarts a fourth nuclear reactor, the company said on Wednesday, underscoring the risks to a government push to boost renewable energy. Japan’s fifth-biggest utility by sales plans to restart the No. 2 reactor at its Sendai station later on Wednesday, giving …
What’s the ultimate contrarian play right now? High street retailers? Gold stocks? Emerging markets? There’s another candidate… Now in the 11th year of a bear market, uranium remains one of the most detested metals around. Having hit $137 back in 2007, its price tag drifted below $20 per pound in 2017. Things have got so …
Spanish spot power prices are set to remain strong this week as nuclear outages in France continue to underpin power markets. Baseload power for Monday and Tuesday settled at EUR 66.56/MWh and EUR 67.67/MWh, respectively, compared to last week’s average of EUR 65.25/MWh. Spanish day-ahead prices could average EUR 65.71/MWh this week, according to Energy Quantified …
The availability of Sweden’s nuclear power plants could drop to 33% of installed capacity next week, due to outages at up to five of the country’s eight reactors, according to the latest data on Tuesday. Forsmark 2 (1,123 MW) and Oskarshamn 3 (1,445 MW) are offline for annual maintenance until 18 September, while Ringhals 4 …