URANIUM PRICES
Iran President Raisi dead: How it may impact the region including Israel, oil prices, gold, and stock markets
The death of Iranian President Raisi in a helicopter crash is poised to have significant repercussions, given Iran's longstanding conflicts and alliances in the Middle East. The incident comes amidst escalating tensions between Iran and Israel, raising concerns about regional stability and Iran's nuclear ambitions.
Nuclear energy players need to take 90% uranium price spike bill or shut plants
The price of uranium has increased by 90% in 12 months, surpassing its cost in 16 years. Shutting down a nuclear power plant is costly and time-consuming, with daily costs reaching $1 million. However, the demand for uranium is rising due to the need for low-carbon power sources. Countries like France and the UK are reconsidering nuclear energy and expanding capacity. The global uranium supply is facing a deficit, with a shortage of enriched uranium as well. Hedge funds, ETFs, governments, and utilities are all vying for uranium, leading to price increases in the market.
Oil prices spike as Saudi Arabia, Russia extend 1.3 million barrel a day oil cut through December
Saudi Arabia and Russia have agreed to extend their oil production cuts through the end of the year, leading to a reduction of 1.3 million barrels per day. This move has pushed benchmark Brent crude above $90 a barrel, a price not seen since November. The decision could lead to increased inflation and higher gasoline prices, while also putting pressure on Saudi Arabia's relationship with the United States due to its partnership with Russia.
Niger coup can blight Chinese investments in Africa’s Sahel region
China is the second largest investor in Niger after France and in the last two decades, it has pumped in huge amount in the landlocked West African nation, according to media reports.
'Customs duty adjustment, banning imports of used equipment to help medical devices industry reach USD 50 bn by 2030'
"The Indian medical devices industry can expand from USD 12 billion to USD 50 billion by 2030, reducing import reliance to 35 per cent and boosting exports to USD 18 billion from USD 3.4 billion at present. The industry's growth potential could surpass that of the smartphone sector due to India's expanding health sector, projected to reach USD 600 billion by 2030," GTRI Co-founder Ajay Srivastava said.
UN nuclear watchdog: 2.5 tons of uranium missing in Libya
The International Atomic Energy Agency (IAEA) has warned member states that 10 drums containing approximately 2.5 tons of natural uranium in the form of uranium ore concentrate were not present as previously declared at a location in the state of Libya. The missing uranium raises safety and proliferation concerns, as each ton of natural uranium - if obtained by a group with the technological means and resources - can be refined to 5.6 kilograms (12 pounds) of weapons-grade material over time.
- Go To Page 1
America's new nuclear power industry has a Russian problem
The U.S. government is in the final stages of evaluating how much of its inventory of 585.6 tonnes of highly enriched uranium to allocate to reactors, the spokesperson said. The fact that Russia has a monopoly on HALEU has long been a concern for Washington but the war in Ukraine has changed the game, as neither the government nor the companies developing the new advanced reactors want to rely on Moscow.
Iran has dropped some demands for nuclear deal: U.S. official
The United States aims to respond soon to a draft agreement proposed by the European Union that would bring back the 2015 nuclear deal with Iran that former President Donald Trump abandoned and current President Joe Biden has sought to revive.
Can crude prices fall to $100 or below? David Lennox explains
“If there was a real crunch coming in the oil prices and it did start to surge a lot higher, we would start to see US production coming back on stream, certainly they are well below the record highs than we saw over the last couple of years.”
Oil prices climb $2 on strong demand, tight supply
"We expect oil demand to improve further, benefiting from the reopening of China, summer travel in the northern hemisphere and the weather getting warmer in the Middle East. With supply growth lagging demand growth over the coming months, we continue to expect higher oil prices,"
What's behind unrest rocking oil-rich Kazakhstan
A sudden spike in the price of car fuel at the start of the year triggered the first protests in a remote oil town in the west. But the tens of thousands who have since surged onto the streets across more than a dozen cities and towns now have the entire authoritarian government in their sights.
Brave New World: What sparked a rally in uranium; hedge your portfolio with farmland
New government-directed spending is driving up the demand for materials needed to build a cleaner economy. At the same time, tightening regulation is limiting supply by discouraging investment in mines, smelters, etc.
China sails unhindered in Somali waters
China is one country which has been deliberately trying to project itself as a saviour and a good friend to all poor nations seeking aid and relief material. However, rarely as seen in other instances, has any extension of help from the Chinese been benign without any ulterior motives.
Commodity strategies: Gold, silver, crude, base metals
Bullion prices traded higher on dollar decline which fell to three week lows despite of some uptick in bond yields. The higher inflation concerns and worries over rising virus cases have supported buying in precious metals.
Iran deepens breach of nuclear deal at underground enrichment site
Tehran has recently accelerated its breaches of the deal, raising pressure on U.S. President Joe Biden as both sides say they are willing to come back into compliance with the badly eroded agreement if the other side moves first.
Gold prices may hit $1,920-mark in one month; vaccination drive, dollar movement key
The United States, which accounts for just 4 per cent of the global population, had 20 percent of all corona deaths was at the core focus as the country was hit by a second wave of the virus, resulting in much more deaths than the first wave.
India in talks with countries like Uzbekistan to create uranium reserve
In the past, the Indian power reactors were underperforming due to shortage of uranium, owing to the sanctions imposed by the West post 1974 Pokhran nuclear tests.
World’s worst commodity was radioactive for investor portfolios
Prices tumbled 41 per cent last year, touching a 12-year low below $18 a pound in November, according to Ux Consulting Co., which compiles market data.
Australia to export Uranium to India by listing conditions like setting up of independent nuclear regulator
The report noted that uranium sales to India would boost Australia’s uranium mining industry and mining industry in general
Australia committee puts tough condition on uranium sale to India
The report has for the first time addressed several issues including the uranium export to a nation which is not party to the nuclear Non-Proliferation Treaty (NPT).
IAEA hosts training event on Uranium exploration
Chairman-cum-MD of UCIL Diwakar Acharya said environment-friendly mining activities for fuel and metal will have to be introduced in the country in view of the increasing demand.
Spectrum auctions okay only when market is robust, mature: Arun Shourie
Auctions are okay when there is little danger of the auction resulting in a monopoly or oligopoly. And when the authorities guard against fixing.
Uranium takeovers prove lucrative as demand rises
Uranium takeovers are offering investors the biggest potential payoffs, less than a year after the partial meltdown of Japan's Fukushima nuclear plant.
Uranium Corp, NPCIL to bid for assets abroad
Public sector units Uranium Corporation of India Ltd (UCIL) and Nuclear Power Corp of India Ltd (NPCIL) will jointly bid for overseas uranium reserves.
Will the recent find of uranium reserves boost India's N-power plants?
Three factors would determine its usage in India's nuclear programme - quality of uranium, exploration technique & success of nuclear technology.
Newly-discovered uranium deposits to boost nuclear plans
The discovery of large reserves of uranium in Andhra Pradesh is a significant boost for both India’s civilian and defence nuclear programmes.
Fast breeder reactors are the least safe
critics and agitators are ignoring the biggest nuclear risk of all: the inherently dangerous nature of fast breeder reactors (FBRs). India's first prototype 500 MW FBR is about to be commissioned at Kalpakkam , and four more are planned. The Indian nuclear establishment has long viewed FBRs as a great prize because these are indigenously engineered and can use India’s huge thorium reserves, eliminating dependence on uranium.
Kazakhs may be top uranium producer in 2009
Kazakhstan's state-owned nuclear energy company could become the world's largest uranium producer by this year, the company said in a statement.
NPCIL eyes uranium mining assets abroad
Public sector Nuclear Power Corporation of India (NPCIL) is in talks to acquire stakes in companies that own uranium mining assets abroad, its CMD S K Jain said.
Load More
