Search Results for: uuuu

Last week, the Russian state’s news agency quoted comments made by the country’s deputy prime minister, Alexander Novak, who stated that Russia was considering imposing a ban on uranium exports. It is presumed that the potential ban on uranium is retaliation for President Joseph Biden’s decision to stop purchasing oil from Russia. While it isn’t … Continue reading “Russia May Soon Ban Uranium Exports”

The future of nuclear energy is becoming uncertain as the European Union looks for ways to decrease its dependence on oil and gas from Russia, which invaded Ukraine last month. Russia is the second-largest source of uranium around the globe despite the supply chain’s diversification, with countries such as Canada, Kazakhstan and Niger contributing substantial … Continue reading “Imposing Sanctions on Russian Imports May Be Easier Said Than Done for the EU”

The Biden administration recently imposed a ban on imports from Russia following the Eastern European country’s invasion of Ukraine. Uranium, which is a key radioactive metal used to make fuel for nuclear reactors in the United States, wasn’t included in this ban. However, the U.S. is considering imposing sanctions on Rosatom State Nuclear Energy Corp, … Continue reading “Could Ukraine’s Invasion Trigger a Revival in Uranium Mining in the US?”

Last month, we saw Russia invade Ukraine after years of conflict. This invasion has raised questions about the flow and cost of fuel to the advanced nuclear reactors in the United States, which are considered a primary tool in the fight against climate change. When issuing an executive order to block imports of natural gas … Continue reading “How Russia’s Invasion of Ukraine May Affect the Nuclear Sector in the U.S.”

Earlier this week, President Joe Biden placed a ban on imports of Russian oil and other energy products into the country. However, this ban didn’t include a ban on uranium imports because the U.S. power industry relies on Russia, Uzbekistan and Kazakhstan for about one-half of the uranium it uses to power its nuclear power … Continue reading “Uranium Imports Excluded from Russian Energy Products Ban by the US”

Last year, uranium was removed from the federal list of critical minerals by the U.S. Geological Survey. However, it may not be long before the government declares it critical once again. The finalized proposal submitted by the U.S. Geological Survey removed the radioactive material from the list of minerals that are considered important to economic … Continue reading “Uranium Could Soon Regain Designation as a Critical Mineral”

Uranium prices have been on the lower end for some time now. Although nuclear power is the most reliable source of power and has the power to help us transition from fossil fuel to clean, renewable power, the mineral’s market performance has been lagging. The three major nuclear power plant accidents at the Three Mile … Continue reading “Why the Price of Uranium Is Poised to Surge”

The Department of Energy recently announced its strategy to secure a supply chain for clean energy. The department’s goals for nuclear are to facilitate the continued operation of existing nuclear reactors in the United States, advance the development of nuclear fuel cycles, enable advanced nuclear reactor deployment and maintain the country’s leadership in technology for … Continue reading “U.S. Department of Energy Announces Clean Energy Strategy”

Panelists during the Nuclear Energy and Its Future session discussed how the various obstacles the nuclear industry faced need to be overcome if the energy is to be used to address the threat of climate change. These obstacles included perceived competition with renewable energy sources, political changes, market design, the cost of finance, the perception … Continue reading “Panel Suggests External Threats to Nuclear Energy Need Urgent Attention”

Last week, President Emmanuel Macron introduced a new energy policy for France, stating that the policy’s primary objective was to increase the country’s production capacity for carbon-free energy and decrease its energy consumption. Macron stated that the country needed to produce more carbon-free electricity in the coming decades because even if it decreased its consumption … Continue reading “Macron Announces New Policy for French Nuclear Sector”