Kazakhstan, world’s largest producer of uranium, is planning to increase the quantum of its India-bound supplies to 7,500-10,000 tonnes for a five-year period starting 2019 from 5,000 tonnes at present. The previous five-year pact for uranium supply signed during Prime Minister Narendra Modi’s visit to the country will lapse this year and the two sides …
The U.S. Commerce Department has submitted to the White House the results of a national security investigation into uranium imports, a spokesman for the department said on Monday. The “Section 232” probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors …
THE NUCLEAR INDUSTRY GETS SERIOUS ABOUT SMALL ‘PLUG AND PLAY’ POWER PLANTS: As the hulking nuclear power plants of the past are being forced to shut down under the weight of their own finances, the future of the industry looks to be smaller, less-costly “plug-and-play” power plants. The industry is seeking to prove a number …
Nguyễn Tuấn Khải, director general of the Việt Nam Agency for Radiation and Nuclear Safety, talks to Lao động cuối tuần (Weekend Labour) newspaper about his agency’s capacity to operate a nuclear power plant. What are the advantages and disadvantages of project VN3.01/13 on strengthening the capacity and effectiveness of the Việt Nam Agency for Radiation and Nuclear Safety? …
Vulnerable to the vagaries of bottle necking and subject to geopolitical machinations, oil stocks can sink or swim depending on oil prices themselves, with per-barrel valuation dictated by supply flow and market demand. Not only that, but the entire industry is earmarked for eventual shutdown by the more sustainable and less environmentally impactful renewables industry. …
The U3O8 spot price started 2019 strong, trading at its second highest price in 12 months at US$28.90 per pound. In February, the energy fuel lost US$0.90, slipping to US$28. The uranium spot price continued its downward descent over March to hit US$25.33, its lowest point since June 2018. The price hasn’t moved much since …
Yellow Cake PLC (LON:YCA) is raising £25.9mln, increased from £22.9mln, through a share placing in order to fund the purchase of at least 1mln pounds of uranium. The company, a vehicle specifically set up to acquire and own physical uranium as an investment strategy, upgraded the funding after the original offer (announced yesterday) saw strong investor …
A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver, while those who burned fingers in the rise and fall of cobalt could …
The Nuclear Energy Leadership Act (NELA), bipartisan draft legislation which aims to accelerate the development of advanced nuclear technologies and re-establish US leadership in nuclear energy has been re-introduced to the US Senate. NELA was submitted on 27 March by a group of 15 senators led by Senator Lisa Murkowski of Alaska. It was previously …
The U3O8 spot price dropped 12.89 percent in the first quarter of 2019 to US$25.35 per pound, likely as a result of the widespread economic slowdown. Despite the downturn weighing on the sector, a number of uranium miners, explorers and producers have remained profitable, reporting share price growth over the Q1 period. In addition to …
