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May 17, 2013 - Owners and operators of U.S. civilian nuclear power reactors ("civilian owner/operators" or "COOs...

May 17, 2013 - Spot market activity was particularly light this week with only three transactions reported; however, the indust...

May 21, 2013 - Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi plant, surged for a fourth consecutive day,...

May 21, 2013 - ASX-listed Silex Systems has completed a successful test loop program at GE-Hitachi Global Laser Enrichment&rsqu...

NEW May 23, 2013 - Vattenfall AB, the Nordic region’s biggest utility, delayed the start of any new Swedish nuclear reactors ...

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May 17, 2013 - Owners and operators of U.S. civilian nuclear power reactors ("civilian owner/operators" or "COOs") purchased a total of 58 million pounds U3O8e (equivalent1) of deliveries from U.S. suppliers and foreign suppliers during 2012, at a weighted-average price of $54.99 per pound U3O8e. The 2012 total of 58 million pounds U3O8e increased 5 percent compared with the 2011 total of 55 million pounds U3O8e. The 2012 weighted-average price of $54.99 per pound U3O8e increased 442 percent compared with the 2001 weighted-average price of $10.15 per pound U3O8e, the lowest weighted-average price from 1994-2012.

May 17, 2013 - Spot market activity was particularly light this week with only three transactions reported; however, the industry was anything but quiet. From the appointment of a new Secretary for the US Department of Energy, to the gathering of market participants in Beijing and in Washington, DC, it was an eventful week for the nuclear fuel industry. Although nuclear new builds, particularly in the USA and Japan, face increasing pressure from low-cost natural gas and safety concerns, the industry remains optimistic as China pledges to maintain its ambitious nuclear program. This optimism is evident with uranium producers and sellers, who remain reluctant to lower offer prices even as we enter the summer season, a time that is generally considered a period of low spot market activity. While spot market volume for June, July, and August is often viewed as historically lower than the other months of the year, the summer months are not nearly as predictable as conventional wisdom would suggest. In fact, when we examine the monthly spot transaction volume for the summer months over the past five years (shown in figure above), we see that the June, July, and August period was above average in 2009, and particularly active in 2010. Certainly, some sellers believe this could be the case in 2013, pointing to the potential for new demand to enter the market as several utilities are considering discretionary purchases. This led sellers to hold firm to offer prices this week, and TradeTech’s Weekly U3O8 Spot Price Indicator remains at $40.75 per pound U3O8, unchanged from last week’s indicator and unchanged from the May 16 Daily U3O8 Spot Price Indicator.

May 21, 2013 - Tokyo Electric Power Co., operator of the stricken Fukushima Daiichi plant, surged for a fourth consecutive day, bringing gains to 59% in the period amid speculation it will apply soon to restart idled reactors. Based on a turnaround plan released in May 2012, TEPCO has said it may return to profit this fiscal year assuming four of seven reactors at its Kashiwazaki Kariwa nuclear plant will be restarted by December.

May 21, 2013 - ASX-listed Silex Systems has completed a successful test loop program at GE-Hitachi Global Laser Enrichment’s facility in Wilmington, North Carolina, part of a first phase US$15 million milestone payment to Silex. The payment from GLE to Silex to be paid in July 2013, demonstrates the success of Silex's uranium enrichment technology and a plank in its commercialization path. Next step is focused on Phase II, which includes economic and engineering validation and scale-up for construction of the initial commercial production module for the world’s first laser enrichment plant.

May 23, 2013 - Vattenfall AB, the Nordic region’s biggest utility, delayed the start of any new Swedish nuclear reactors by at least five years after choosing to extend the lifespan of old atomic plants. “Vattenfall today sees no need for building new nuclear reactors before 2030, since forecasts fail to indicate growing electricity use, while also pointing to rising power output, including from wind turbines,” Torbjoern Wahlborg, head of Vattenfall’s nuclear power business division, said today.

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