Uranium giant in talks to supply Sprott as investor demand soars

Top uranium miner Kazatomprom said it may supply the metal to Sprott, the investment firm whose aggressive bets on the market have helped drive a surge in prices. “We already started talks with Sprott,” Askar Batyrbayev, chief commercial officer of the Kazakh producer, said in an interview. “A lot of financial players” are increasingly interested …

Uranium prices have touched multi-year highs but the rally looks unsustainable into 2022, Morgan Stanley says

Uranium prices have climbed 60% in four weeks as an investment fund embarked on a buying spree. Morgan Stanley commodity strategists say it may be hard to maintain robust investment demand into 2022. The Sprott Physical Uranium Trust has purchased a massive 28 million pounds since mid-August. Uranium prices have shot up about 60% over …

Bruce Power Announces $22 Million ‘Made In Ontario’ Contract

Bruce Power says it’s advancing its ‘Made in Ontario’ economic recovery strategy with a $22 million contract. The nuclear operator announced Thursday (Sept 16) Candu Energy Inc., a member of the SNC Lavalin Group, has teamed up with BWXT Nuclear Energy Canada Inc. to provide 38 drive mechanisms for reactivity control units, to support the …

India to increase nuclear energy capacity three times in next 10 years to reduce its carbon footprint

NEW DELHI: With India is exploring multiple options to lower its carbon footprints, the government on Tuesday said the country would produce three times more nuclear from its current level and called for greater India-US cooperation for clean energy sectors such as biofuels and hydrogen. The issue of ramping up efforts to produce more nuclear …

KHNP argues for greater nuclear reactor role to achieve zero carbon goal

Korea Hydro & Nuclear Power Co. (KHNP), the state operator of nuclear reactors that had complied with the government order to shut down Wolsong Unit 1 before its legitime lifetime, formerly asked the government to revisit its nuclear phase-out plan to enable greater nuclear role for stable energy supply in carbon neutrality goal. According to …

Nuclear reactor in Shimane prefectural capital passes safety review

A reactor in western Japan, installed in the country’s sole nuclear plant built in a prefectural capital, cleared a national safety screening on Wednesday. The No. 2 unit of Chugoku Electric Power Co.’s nuclear plant in Matsue, Shimane Prefecture, became the 17th reactor across a total of 10 nuclear plants nationwide to pass stricter safety …