President Trump and his supporters claim that in exchange for millions of dollars in donations to the Clinton Foundation, Hillary Clinton supported the 2010 sale of a mining company that gave Russia control of U.S.
uranium supplies.
Much like Japan, China plans to make the most of its estimated 170,000 tons of domestic
uranium supplies by setting up such reprocessing.
Despite the fact that Russia has plentiful
uranium supplies within its border rendering any Australian or other uranium sale ban toothless, sometimes optics are more important than reality in moving markets and it appears that this is the case here.
These include adequate
uranium supply (probably necessitating immense uranium strip mines in Tennessee), almost inconceivable reactor and waste - transport accidents, low - level radiation effects from normal plant operations, and the burden of guarding both radioactive waste and outdated but radioactive nuclear plants for thousands of years.
The Obama administration knew that Russia had used bribery, kickbacks and extortion to get a stake in the US atomic - energy industry — but cut deals giving Moscow control of a large chunk of the US
uranium supply anyway.
Because the world's
uranium supply is finite and the continued growth in the numbers of thermal reactors could exhaust the available low - cost uranium reserves in a few decades, it makes little sense to discard this spent fuel or the «tailings» left over from the enrichment process.
These projections show continued growth in uranium mine production from «primary sources» in the next ten years, with an apparent steep drop off in
uranium supplied from «secondary sources» in the near future.
While extensive supplies of «secondary source» uranium are held by the U.S., Russia and other countries, secondary source uranium has yet to included in WNA projections of future
uranium supply.
While other sources of «secondary uranium» are also potentially significant sources of
uranium supply, this brief discussion shows that UET in Russia and HEU could be major sources of
uranium supply for decades to come.
Table 2 shows that in 2004, more than 45 %, 30,332 tonnes of the 66,658 tonnes of
uranium supplied to reactor operators, came from «secondary sources.»
That projection forecasts that in 2004, world uranium demand will reach 66,658 tonnes and world
uranium supply will reach 66,374 tonnes, leaving a very small supply deficit of 284 tonnes, less that 1 % of total world demand.
The «recycling» of the Russian «excess» HEU is the source of 10,000 - 12,000 tonnes of future
uranium supply from HEU forecast in Table 2.
Sometimes referred to as «The Uranium Bible»,
the Uranium Suppliers Annual contains comprehensive data and information on all of the world's uranium suppliers, including detailed sections on planned producers and junior / exploration companies.
Whether you are a utility, producer, trader, or investor,
the Uranium Suppliers Annual provides the basis for understanding potential future developments surrounding the availability of supply, particularly since uranium production has continued to be sub-par against a backdrop of growing demand.
The Uranium Production Cost Study complements UxC's Uranium Market Outlook (UMO) and
Uranium Supplier's Annual (USA) in identifying where expanded and new uranium supply will come from among 116 worldwide projects to meet future nuclear fuel demand through 2030.
November 6, 2017 • President Trump and his supporters are again claiming that Hillary Clinton helped Russia gain control of the U.S.
uranium supply and endangered U.S. security.
Meantime,
uranium supply remains considerably higher than demand.
That said, the problems of
the uranium supply, fuel refining, and waste disposal and / or reprocessing remain.
And
the uranium supply and non-proliferation issues for even that scale of deployment are quite serious.
Mike, should
uranium supply for a once - through fuel cycle become an issue then fuel recycling and fast spectrum reactors would surely be adopted.
Ontario Hydro in a multi-million dollar arbitration relating to the termination of
a uranium supply contract with Denison Mines.
Not exact matches
This good news hasn't translated into higher
uranium share prices, however, as the industry continues to choke on excess
supply as I
That lower baseline energy demand as well as marginal increases in
supplies has led to lower global oil and gas prices and more competitive pressure on the
uranium space.
Chris Berryexcess
supply, china, lithium, commodities, globalization, federal reserve,
uranium, gold, silver, Argex, Terraco, EMC Metals
The challenging times for
uranium investing are set to continue until a new
supply and demand production level and price are attained.
The
uranium sector has been dead for a while, but recent production cuts and
supply disruptions could be a sign that things are heating up.
Uranium has roared ahead in Q1 on the back of the possibility of Japanese reactor restarts and a looming
supply and demand imbalance in favor of increased demand.
Reports suggest it could see the international community provide Tehran with a foreign
supply of atomic fuel, so it need not enrich
uranium itself, with a package of sanctions such as visa bans if it did not comply.
The world's ample
supply of
uranium could fuel a much larger fleet of reactors than exists today throughout their 40 - to 50 - year life span.
Visible from space, the Bayan — Obo iron mine in Inner Mongolia is the world's largest source of rare earths, and the Chinese companies
supplying them employ acid to dissolve them out of ore rock that often also contains radioactive elements like thorium, radium or even
uranium.
The method would still suffice for
uranium, but
supplies of that were always going to be scarce.
«The fact that it's [the weapons down - blending] winding down and it's not an unlimited
supply is part of the market boom in
uranium,» NRC's McIntyre speculates.
Nuclear fuel Areva has also signed a contract to
supply Chinese nuclear operating companies, including China Guangdong Nuclear Power Group (CGNPC) and CNNC, with
uranium fuel — 20,000 tons of the fissile material between now and 2020 for $ 3.5 billion.
With 436 reactors worldwide consuming 65,000 metric tons (one metric ton equals 1.1 U.S. tons) of enriched
uranium per year, demand for this nuclear reactor fuel outstrips available
supply, which has caused
uranium prices to jump from a low of $ 10 per pound a few years ago to more than $ 130 per pound in 2007 and still more than $ 50 per pound today.
Such
uranium deposits in Canada, Australia and Kazakhstan comprise the bulk of the world's known
supply — although
uranium is a ubiquitous atom that can even be derived from seawater.
Since then, large
supplies of
uranium have been found and the price has fallen.
The M.I.T. report argues that a leasing program, in which countries with the capability to enrich
uranium fuel
supply it to other countries and then take back the spent fuel for disposal in one form or another at the end of its useful life.
Study co-author Heye Freymuth of the University of Bristol explains: «Although
uranium was incorporated into the oceanic crust since the initial rise in atmospheric oxygen about 2.4 billion years ago, the ocean crust did not incorporate higher amounts of
uranium - 238 as the oceans did not yet have adequate
supplies of oxygen.»
One attractive feature of fast reactors is that they can produce more fuel than they consume, avoiding the issue of the limited
supplies of the
uranium used in conventional nuclear reactors.
Partners in the Kilopower project include NASA's Glenn Research Center, the Department of Energy, Los Alamos National Lab and the Y12 National Security Complex, which
supplies the reactor's
uranium.
Chemical defoliants, polluted water
supplies, even the depleted
uranium from modern armor - piercing bullets leaching into the land.
When this occurs, the
uranium drops out of the water
supply and can be recovered from the soil.
«Often forgotten, is the need for us to make sure that the buyers of our
uranium oxide are able, in the face of resistance to nuclear power, to talk proudly about the responsible mining (and mine site rehabilitation) of their
suppliers in Australia.
Iran also agreed to limit its
supply of low - enriched
uranium to 200 kilograms for 15 years.
The United States» role as the assured
supplier of enriched
uranium fuel has steadily declined since the late 1970s.
Centrus Energy Corp. is a trusted
supplier of enriched
uranium fuel for commercial nuclear power plants in the United States and around the world.
World
uranium demand and
supply projections are presented in Table 2.
In light of the increasing volatile nature of the
uranium market, primary and potential
suppliers are continuously re-evaluating their properties and future production plans, as well as expanding exploration programs where economically feasible.
Centrus Energy is the world's most diversified
supplier of enriched
uranium fuel for civilian nuclear power reactors.
Since
uranium and enrichment are substitutes, increases in enrichment
supply can have a major impact on the future demand for
uranium.