Several companies involved in the front end of the nuclear fuel cycle have recently resumed production after announcing temporary shutdowns or staffing reductions during the initial response to the COVID-19 pandemic.
Uranium prices boosted through May’s end
Uranium futures rose to $71.90 per pound on June 2, according to online analysis firm Trading Economics. That price was near its highest level since early February—in contrast to an 18-month...
GLE begins TRL-6 demonstration enrichment
Global Laser Enrichment has commenced uranium enrichment demonstration testing at its test loop pilot facility at the company’s headquarters in Wilmington, N.C. The technology readiness...
Uncertainty contributes to lowest uranium spot prices in 18 months
A combination of plentiful supply and uncertain demand resulted in spot pricing for uranium closing out March below $64 per pound, with dips down to about $63.50 during mid-March—the lowest...
U.S. uranium production up as companies press “go” on dormant operations
U.S. uranium production increased throughout 2024, with more growth planned in 2025. The producers who can make that happen, however, were burned before by a “renaissance” that didn’t...
Sufficient supply, uncertain demand influence uranium markets
Uranium futures closed out February at about $65.55 per pound, according to online analysist firm Trading Economics. Futures prices have been below $66 per pound since mid-February....
Ontario eyes new nuclear development
A 1,300-acre site left undeveloped on the shores of Lake Ontario four decades ago could see new life as the home to a large nuclear facility....
Uranium spot price closes out 2024 at $72.63/lb
The uranium market closed out 2024 with a spot price of $72.63 per pound and a long-term price of $80.50 per pound, according to global uranium provider Cameco....
DOE’s six LEU contracts add two laser enrichers to the HALEU lineup
The Department of Energy announced yesterday the six companies that it has selected to supply low-enriched uranium (LEU) from new domestic enrichment sources under future contracts for up to...
GLE picks natural U over HALEU for now, and more updates from U.S. enrichers
On March 26, Silex Systems Ltd. announced that Global Laser Enrichment’s test loop pilot demonstration facility and operational safety programs have been reviewed by the Nuclear Regulatory...
Bull market continues for uranium stocks
Investors continue to be bullish on uranium, according to a number of recent news reports. Stockhead recently trumpeted, “Uranium has started 2024 the same way it ended 2023—like a bull in...
