Uranium Spot Price is at a current level of 30.26, up from 29.75 last month and down from 33.51 one year ago.

Energy

Indian authorities yesterday arrested a man discovered in possession of close to 1 kilogram of uranium worth approximately $7 million, the Times of India reported (see GSN, June 3).

Nuclear has been left largely behind by booming demand for clean energy over the past decade. In most economies, more reactors are being permanently shut down than built. Ballooning costs and long construction delays have prompted investors to shy away from the technology despite its emissions-free credentials.

Globally, nuclear power capacity is projected to rise in the New Policies Scenario from 393 GW in 2009 to 630 GW in 2035, around 20 GW lower than projected last year.” In this scenario the IEA expected the share of coal in total electricity to drop from 41% now to 33% in 2035.

During 2017, owners and operators of U.S. nuclear power plants purchased 40 million pounds of uranium from foreign suppliers. Canada, Australia, Russia, Kazakhstan, and Uzbekistan represented the top five countries of origin and together accounted for 84% of total U.S. uranium purchases in 2017.

Disposal of low-level waste is straightforward and can be undertaken safely almost anywhere. Storage of used fuel is normally under water for at least five years and then often in dry storage. Deep geological disposal is widely agreed to be the best solution for final disposal of the most radioactive waste produced.

One of the biggest critiques of nuclear energy is that it produces radioactive waste in the form of used nuclear fuel, or UNF….Three out of every four states in the United States contain nuclear waste. Uh-oh.

Canonsburg

Hanford