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Optimizing Maintenance Strategies in Power Generation: Embracing Predictive and Preventive Approaches
The global production of uranium should increase by 3.1 percent to reach 51.2 metric kilotons this year, due to the return of production at Canada’s Cigar Lake and other mines where work was suspended in 2020, according to GlobalData, a U.K.-based data analytics firm.
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...
Kazakhstan is ready to power the world’s green transition
As Western countries accelerate their decarbonization efforts, nuclear power is set to play a key role in achieving net-zero emissions by 2050. For instance, the United Kingdom’s goal of...
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....
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....
Kazakh voters say “yes” to nuclear power
A historic referendum in Kazakhstan this past weekend showed that its citizens strongly support adding nuclear generation to the nation’s energy supply....
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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...
Cameco, Brookfield complete Westinghouse acquisition
Cameco, the front-end uranium mining, milling, and conversion company headquartered in Saskatchewan, Canada, is now officially a co-owner of Westinghouse Electric Company—alongside...
Investment opportunities for nuclear energy
Nuclear energy stocks “have become far more compelling to many investors in recent years,” and “there are good reasons to support this carbon-free source of energy,” according to...
NNSA welcomes opening of Kazakhstan storage facility
The Department of Energy’s National Nuclear Security Administration recently marked the completion of a new long-term radioactive waste storage facility in Kazakhstan.The facility, at...