Uranium market has likely set a new floor thanks to a strong demand outlook Uranium may have lost some sizzle after an electrifying 10-month rally, but analysts and investors aren’t losing faith in the long-term prospects of the nuclear fuel. After a 22 per cent decline over six weeks, industry experts and analysts say the uranium …
U.S. Energy Secretary Jennifer Granholm said on Wednesday she encourages the U.S. Congress to ban uranium supplies from Russia, as doing so would free up funds to support domestic development of fuel for next generation nuclear reactors. The U.S. House passed legislation last December to ban imports of the fuel for nuclear power plants as part of …
Shuttering of New York facility raises awkward climate crisis questions as gas – not renewables – fills gap in power generation When New York’s deteriorating and unloved Indian Point nuclear plant finally shuttered in 2021, its demise was met with delight from environmentalists who had long demanded it be scrapped. But there has been a …
Constellation Energy has issued the first corporate green bond in the USA that can be used to finance nuclear energy projects. The company will use proceeds from the USD900 million, 30-year term offering, for investments such as maintenance, uprates and life extensions of its nuclear power plants. A green bond is a financial instrument that …
The walls of the containment building of unit 3 at the Haiyang nuclear power plant in China’s Shandong province are now in place following the installation of the third cylinder ring, the Shanghai Nuclear Engineering Research and Design Institute (SNERDI) announced. The steel containment shell is an important part of the nuclear island reactor building …
Bill Gates at TerraPower with a mock-up of metal fuel pin bundles for his planned SMR. TerraPower, a company founded by Bill Gates, says it plans to start building the first of a new generation of nuclear power plants in the US in June, joining a race with Russian and Chinese rivals to develop and …
Western Australia is renowned for exporting a range of minerals from iron ore to gold, but one commodity, uranium, regularly sparks fierce protests from the community. The debate was reignited in recent days when Liberal leader Libby Mettam said her party would legalise uranium mining if they won the 2025 WA election, overturning a state …
Kazatomprom, the world’s largest producer of uranium, said Friday there will be modest production growth this year as it reported swelling profits. Kazatomprom KZAP, -1.42% NATKY, -0.53% said its annual profit rose 23% to 570 billion Kazakhstani tenge ($1.27 billion), on a 43% jump in revenue to 1.44 trillion tenge. The company said its sales growth was faster than the …
Minister will ask Niigata’s governor for approval: report Tepco’s stock surged as potential restart would help cut costs Japan’s government is ramping up an effort to secure local approval to resume operations at the world’s biggest nuclear power plant, according to a report, amid a wider push by the nation to restart its idled fleet …
The island’s resistance to a dependable—and desperately needed—source of energy has been shaped by a covert history. After a contested race, the people of Taiwan have elected current Vice President Lai Ching-te to be their next president. The result keeps the Democratic Progressive Party, which broadly favors Taiwanese sovereignty and closer ties with the United …
