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Uranium prices reach highest level since February 2024
The end-of-January spot price for uranium was $94.28 per pound, according to uranium fuel provider Cameco. That was the highest spot price posted by the company since the $95.00 per pound it listed at the end of February 2024. Spot prices during 2025 ranged from a low of $64.23 per pound at the end of March to a high of $82.63 per pound at the end of September.
Martina Kloos, Jörg Peschke
Nuclear Science and Engineering | Volume 153 | Number 2 | June 2006 | Pages 137-156
Technical Paper | doi.org/10.13182/NSE06-A2601
Articles are hosted by Taylor and Francis Online.
The MCDET method for probabilistic dynamics is a combination of Monte Carlo (MC) simulation and the Discrete Dynamic Event Tree (DDET) approach. The implementation of MCDET works in tandem with any appropriate deterministic dynamics code.MCDET was developed to achieve a more realistic modeling and analysis of complex system dynamics in the framework of probabilistic safety analyses. It is capable of accounting for aleatory (stochastic) uncertainties, which are the reason why the safety assessment is probabilistic, and for epistemic (state-of-knowledge) uncertainties, which determine the precision of the probabilistic assessment. In MCDET, discrete aleatory variables are generally treated by the DDET approach, whereas continuous aleatory variables are handled by MC simulation. For each set of values provided by the MC simulation, MCDET generates a new DDET.The paper gives a description of the MCDET method and an overview of the results that may be obtained from its application. The results presented were derived from an application of MCDET in combination with the deterministic dynamics code MELCOR for integrated severe accident simulation. For illustration purposes, the consequences in a German nuclear power plant after a station blackout were analyzed.