As the nuclear industry gathers in London this week for one of its biggest annual shindigs, it does so with the price of uranium at its highest level in more than a year. Production cuts, cancelled projects, and interest from financial investors has helped drive the price of the radioactive material, used in nuclear reactors, up by 30 per cent since April. After years of pain, uranium bulls are on the front foot. The market has now bottomed and the price is set to move higher, they argue, as the industry get to grips with issues that have blighted it over the past decade and China continues its war on pollution. “In the parts of the world, which face growing demand for clean energy such as China, nuclear power is going to be really important,” said Nick Stansbury, fund manager at Legal & General Investment Management. But after several false dawns many analysts and investors remain wary. They note inventories remain high and nuclear power faces stiff competition from renewable energy, which is becoming cheaper.
FT 5th Sept 2018 read more »
The developers of two different packages for the transport of uranium hexafluoride (UF6) have reported progress with their individual designs. Daher has submitted an application for certification for its DN30 package to US regulators, while China Nuclear New Energy Nuclear Industry Engineering Co Ltd’s XN740 UF6 transport package has completed a 9 metre drop test.
World Nuclear News 4th Sept 2018 read more »