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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.
Stephen M. Bajorek
Nuclear Science and Engineering | Volume 184 | Number 3 | November 2016 | Pages 305-311
Technical Paper | doi.org/10.13182/NSE16-21
Articles are hosted by Taylor and Francis Online.
An understanding of thermal hydraulics, its basic phenomena, and its application to nuclear power plants is vital to safe as well as efficient design and operation. Thermal hydraulics for two-phase flow and heat transfer with nuclear applications has been studied for roughly 50 years, and the current body of knowledge is extensive. Yet, there remain safety issues, and the licensing of new light water reactor designs or new analysis methodologies is rarely simple. This is due to the state of the art in reactor thermal hydraulics as well as the perspective that the regulator, in this case the U.S. Nuclear Regulatory Commission (NRC), has toward that field of study.
This paper discusses the state of the art in nuclear thermal hydraulics, the regulator’s unique role and perspective, and a view of current challenges. The discussion is meant to point out how the regulator’s perspective has been shaped and hopefully provide some guidance on fulfilling research needs for future applications that may need NRC review.