Nuclear fuel report sees positive long-term futureWorld nuclear generating capacity is set to continue its upward trend with demand for uranium fuel increasing over the period to 2040, according to the projections in the latest edition of World Nuclear Association's Nuclear Fuel Report. Uranium resources are more than enough to meet that demand, but intense development of new projects will be needed in the current decade to avoid potential supply disruptions.
Kazatomprom considers making purchases to rebuild inventoryKazatomprom may buy additional material in the spot market during the second half of this year to keep its inventories within its targeted range and to meet sales commitments for the rest of 2021, CEO Galymzhan Pirmatov said as the company's half-year results were released yesterday. Pirmatov is to step down as CEO with effect from 2 September.
The Western Australian Department of Mines, Industry Regulation and Safety has approved the Project Management Plan for the Mulga Rock uranium project, Vimy Resources announced today. Having already received approval from State and Federal governments, this is the first of three state government departmental approvals required to implement the project.
Investment funds change the shape of uranium marketInvestment funds are shaping the uranium spot market leading to an unprecedented level of demand. How those funds will affect the availability of secondary supplies of uranium to consumers remains to be seen, and the spot market should not be seen as a reliable source for significant purchases of uranium ore in the long term, according to speakers and panellists at World Nuclear Association Annual Symposium 2021.
