TradeTech Trade Tech Uranium Price U3O8 Yellowcake Brokerage Consulting Nuclear Fuel Market Analysis Hexafluoride UF6 Conversion Enrichment SWU Supply Demand Data Value Spot Term Transaction Power Energy

Media - In the Market

TradeTech Trade Tech Nuclear Market Review Uranium Spot Term Price Indicator Publication Newsletter Conversion Enrichment SWU Value Per Pound U3O8 Transaction Fuel Power EnergyUpdate for the public provided three days after publication.

May 20, 2016 - An early release of two cases reviewed in the US Energy Information Administration’s (EIA) upcoming Annual Energy Outlook 2016—which includes the Clean Power Plan (CPP) and a side case without the CPP—has nuclear generation levels remaining flat throughout the projection, with new units offset by retirements. High construction costs result in a projection that no new, unplanned, nuclear plants will be constructed in the USA even with the CPP in place, and the nuclear share of total US generation declines from the 2015 level in both cases. The nuclear, coal, and renewable energy industries are vying for the attention of Illinois lawmakers with just a few weeks left in the session. Exelon Generation is backing a measure that would extend state subsidies to nuclear power plants that are struggling financially. The bill also includes US$140 million in funding for the solar power industry. The company says those changes are essential to the future of its Clinton and Quad Cities Nuclear Stations.
Separately, the EIA is projecting that global energy-related CO2 emissions will increase by one-third between 2012 and 2040, largely driven by increased energy use in countries outside of the Organization for Economic  Co-operation and Development. In South Africa, Eskom will spend R580 billion (US$37.3 billion) on expanding electricity capacity over the next five years, according to executives for distribution at the state-owned utility. Eskom says that South Africa will have to rely on coal-fired power stations and nuclear energy for base load power supply in the foreseeable future. Jordan's Prime Minister Abdullah Ensour said the country has made strides in its efforts to implement a program to build two 1,000 MWe reactors, with financing provided by Russia. The first reactor is slated for completion by 2023, and the second by 2025.
On the supply side, China General Nuclear (CGN) has signed an agreement with Canadian uranium mining company Cameco to further expand and deepen their cooperation in the joint development of uranium resources. Under the agreement, signed on May 9, by CGN Chairman He Yu and Cameco President and CEO Tim Gitzel, the two companies will cooperate in greenfield uranium exploration projects, CGN said.
The spot uranium price continued to inch up this week as utilities, intermediaries, and producers all came to the market as buyers. A total of approximately 960,000 pounds U3O8 equivalent changed hands over the course of the week. Traders continue to dominate the sell side of the market. The aggressive selling and price cutting of previous weeks has largely dissipated due to increased buying interest and less financial pressure on sellers as they successfully conclude sales.
TradeTech’s Weekly U3O8 Spot Price Indicator rose to $28.85 per pound U3O8, an increase of $0.75 from last week’s Indicator and unchanged from the May 19 Daily U3O8 Spot Price Indicator. read more