Slow demand growth and stockpiles will hinder sector growth, although the uranium price will still rise in the medium term. UK broker Liberum has sounded a note of caution about the future supply-demand balance in the uranium market. In a detailed 11-page research note Liberum set out its case that although demand for uranium from …
Japan will launch a public-private initiative to develop next-generation nuclear reactors that are safer and less expensive, hoping to spur a renewal of aging plants and keep atomic power as a viable energy source. The Ministry of Economy, Trade and Industry is in talks to create a forum within fiscal 2018 that will include power companies and reactor …
The punitive tariffs imposed by Washington and Beijing last Friday have sparked widespread fears that a trade war will severely damage the global economy and could have a predominantly negative effect on several aspects of the US market itself. Both countries have imposed a 25% tax on $34bn worth of goods produced by the other, …
A consortium of countries spearheaded by the United States has just formed an international pact to explore new ways to promote the responsible growth of nuclear energy. According to Deputy Secretary of Energy Dan Brouillette, the initiative seeks to “highlight the value of nuclear energy as a clean, reliable energy source.” This new alliance was …
Construction work for Bangladesh’s second nuclear power plant will start soon with the Bangladesh Atomic Energy Regulatory Authority (BAERA) granting licence to the Bangladesh Atomic Energy Commission, said ASE Group of Companies, a part of Rosatom State Atomic Energy Corp (Rosatom). India will also participate in the Bangladesh nuclear power project in construction and installation work and supply …
Emirates Nuclear Energy Corporation (ENEC) said on Tuesday it has achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear Energy Plant in the Al Dhafra region of Abu Dhabi. ENEC said it has successfully completed the concrete pouring, installation of the turbine generator, and the internal components of …
New Brunswick’s energy minister says he’d like to see another nuclear reactor built in the Maritime province. Rick Doucet said the development of small modular reactors could present a significant economic and export opportunity. “Canada and New Brunswick have an opportunity to become world leaders in the SMR technology and into bringing a clean, new …
South Korean president Moon Jae-in (R) shakes hands with Khalid Al-Falih, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources and chairman of Saudi Aramco, in their meeting at the Blue House in Seoul on May 4, 2018, in this photo provided by the presidential office. (Yonhap) South Korea’s government said Monday it will step …
Wenyuan Wu says given China’s pressing energy needs and its drive to reduce carbon emissions, the country has no choice but to invest heavily in nuclear power. China is well on its way to reaching its carbon reduction goals ahead of time after years of structural economic change that emphasised shifting to low-carbon hi-tech sectors. A recent …
Cabinet members prepare to sit before a meeting on July 3. They approved the revised Basic Energy Plan during the meeting. (Takeshi Iwashita) A new wave of nuclear reactor restarts became more likely as the government approved the new Basic Energy Plan on July 3, confirming that nuclear power will remain a key component of …
