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.
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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.
The Nuclear Energy Institute has launched a new website that focuses on nuclear industry career awareness. NuclearWorks is designed “to allow students and potential job seekers the ability to identify career and/or education opportunities in the industry that align with their interests and skills/background,” according to Lori Brady, senior director of NEI’s Human Resources and Workforce Development.
DeWine
State legislation that designates nuclear power as “green energy” and expands oil/natural gas hydraulic fracturing (fracking) leases on state land was forwarded this week to the desk of Ohio Gov. Mike DeWine. The Republican governor has 10 days after receiving House Bill 308 to either sign it into law or veto it. A “green” designation would imply state recognition that nuclear energy causes no harm to the natural environment.
Pro arguments: In its coverage of the bill, Spectrum News quoted Greg Lawson, a research fellow at the Buckeye Institute, as defending nuclear energy. “Nuclear energy is zero carbon emission, and from that standpoint, it certainly addresses a lot of the concerns that folks have when they’re concerned about what happens to the climate. . . . Right now, Ohio is facing a real challenge. We’ve got a lot of data centers coming into Ohio. This is a massive issue. These things consume just incredible amounts of electricity,” Lawson said.
Results from a recent Australian public opinion survey indicate that in Australia, women are much less likely than men to support nuclear energy. The findings of the survey, conducted by market research firm DemosAu on behalf of the Australian Conservation Foundation, somewhat reflect the findings about gender differences regarding nuclear energy in the United States—though the Australian gender split is much wider.
The OECD Nuclear Energy Agency’s Global Forum on Nuclear Education, Science, Technology, and Policy has developed the Nuclear Workforce Survey to explore how and why individuals decide to join the nuclear field and how their experiences impact decisions to stay or leave.
New York City–based analyst firm Trading Economics has reported that uranium prices have fallen $13.20 per pound, or 14.51 percent, since the beginning of 2024, with the price on December 3 down to $77.80 per pound. A graph of prices for the year shows a jagged downward slide since a peak of about $107 per pound in early February. The all-time high for uranium prices was $148 per pound in May 2007, according to the firm.
Nearly 60 eighth graders from schools across the central Savannah River area recently gathered at the Ruth Patrick Science Education Center in Aiken, S.C., for the Savannah River Site’s “STEM Like a Girl—Introduce a Girl to Engineering and IT” event. This initiative is designed to inspire the next generation of female engineers and STEM leaders.
The annual day of celebrating nuclear energy is right around the corner. On December 2, World Nuclear Energy Day will be recognized internationally through workshops, panel discussions, dinner meetings, and special performances focused on educational outreach, emerging green technologies, and innovative thinking that can restore the world’s ecosystems with nuclear energy.
With the support of a $500,000 grant from BWX Technologies (BWXT), the U.S. Navy, and BlueForge Alliance, the John D. Haynes School of Welding Technology has opened at Mount Vernon High School in Indiana. The welding school offers direct employment opportunities for students from the high school to BWXT’s Nuclear Operations Group, also located in Mount Vernon, Ind. Students can complete their high school degrees and their professional welding testing on a dual track, allowing them to enter the workforce immediately upon graduation.
Recently published research done at Brookhaven National Laboratory is offering a new, high-energy method for studying the structure of atomic nuclei. Scientists have been using the Solenoidal Tracker at the Relativistic Heavy Ion Collider (RHIC), known as STAR, to track the particles produced by ion collisions in the particle accelerator. Their research was published earlier this month in Nature.
A fascinating interactive LEGO model of CROCUS, a zero-power, uranium-fueled, water-moderated fission reactor used for teaching and research purposes at Switzerland’s École Polytechnique Fédérale de Lausanne (EPFL), has been created by Vincent Lamirand, a scientist at EPFL’s Laboratory of Reactor Physics and Systems Behaviour. Lamirand, who teaches courses on reactor experiments and radiation detection and leads the experimental research with CROCUS, is using the model to teach his students about the reactor. He is hoping that the LEGO company will eventually produce his model for the public to purchase.
The little-known Nuclear Emergency Support Team (NEST) was highlighted recently on the popular NPR show “All Things Considered” and was accompanied by an online feature.
The discovery of a rare species of bee by environmental regulators has blocked the plans of tech conglomerate Meta to build an artificial intelligence data center powered by nuclear energy—at least temporarily. Numerous media outlets, including Popular Science, have reported that the unnamed species of bee was detected by regulators who were surveying the land designated for the new data center—land that is located next to an unnamed nuclear power plant from which Meta had planned to obtain electricity.
Uranium prices have fallen to their lowest level in more than a month, to just under $79 per pound, on Friday, November 1, according to analyst website Trading Economics. The lower prices, according to the site, are related to recent evidence of increased supply. This contrasts with the longer-term expectations of bullish demand and higher prices.
American Nuclear Society member Jeff Terry hosted this year’s Nuclear Science Week meeting at the Illinois Institute of Technology (Illinois Tech) on October 26. In his opening remarks, Terry, a physics professor at Illinois Tech, described the institute’s 12-year history of Nuclear Science Week events, going back to the 2012 meeting that included the Nuclear Clean Energy Indy car on display.
New York Gov. Kathy Hochul and state officials met in August with officials at the U.S. Army’s Fort Drum in upstate New York to discuss deployment of a small modular reactor to supply the installation’s energy needs. According to local CBS affiliate WWNY, two congresspersons have called on the secretary of the army to place an SMR at Fort Drum, and the U.S. Army Corps of Engineers has determined that an SMR would be “the optimal option” for the site’s energy purposes.
The pursuit of returning two of the country’s retired nuclear plants into service is not only unusual—it is unprecedented and promises to make history.
That’s according to a piece coauthored by former assistant secretary for nuclear energy Katy Huff in the Bulletin of the Atomic Scientists regarding plans from Holtec and Constellation to restart Michigan’s Palisades plant and Pennsylvania’s Three Mile Island Unit 1, respectively.
The 2024 edition of Climate Change and Nuclear Power has been released by the International Atomic Energy Agency. The 99-page report focuses on the need for a significant increase in investment to achieve goals for expanding nuclear power.
The report: According to the IAEA, the report delves into the financing of nuclear projects as ambitious climate targets draw nearer. It also explores the imperative for financial frameworks to help nuclear energy become a cornerstone of global decarbonization efforts and highlights the challenges and best practices in financing nuclear projects.
An article on the Huffington Post examines the prospects for re-establishing nuclear energy in Puerto Rico, uncovering a mix of positive and negative attitudes toward nuclear power in the U.S. territory.
A comprehensive set of rules and guidelines for floating nuclear power plants, Requirements for Nuclear Power Systems for Marine and Offshore Applications, has been released by the American Bureau of Shipping (ABS). According to the document, which, according to ABS, is the first of its kind for floating power plants, the rules and guidelines have been “developed for classification requirements specific to design, construction, and survey of vessels fitted with nuclear power systems whose generated power is transferred or distributed to onboard industrial or adjacent facilities.”