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“Uranium 2022: Resources, Production and Demand”, widely known as the Red Book, is the 29th edition of the OECD Nuclear Energy Agency (NEA) and International Atomic Energy Agency's biennial report. The 568-page report presents the most recent review of world uranium market fundamentals and offers a statistical profile of the uranium industry. It includes 54 country reports on uranium exploration, resources, production and reactor-related requirements, 36 of which were prepared from officially reported government data and narratives, and 18 that were prepared by the NEA and IAEA secretariats.
- Source: NEI Magazine
- Date: Saturday, 08 April 2023
- Original article: neimagazine.com/news/newsred-book-sees-modest-decrease-in-uranium-resources-but-expects-nuclear-capacity-to-increase-10741481
In the latest edition of Uranium Resources, Production and Demand, known as the Red Book, the NEA says uranium production cuts deepened suddenly with the onset of the Covid-19 pandemic in early 2020.
Overall, world uranium production decreased from 53,501 tonnes of uranium (tU) in 2018 to 47,342 tU in2020 as producers instituted production cuts, followed by a slight increase to 47,472 tU in 2021. These planned reductions were greatest in Canada and Kazakhstan.
As of 1 January 2021, the annual production capacity of idled mines amounted to over 29,400 tU. These operations, which have all the necessary licences, permits and agreements for operation and have produced commercially in the past, could potentially be brought back into production relatively rapidly given appropriate market conditions.
- Source: Nucnet
- Date: Friday, 07 April 2023
- Original article: nucnet.org/news/global-production-down-12-with-kazakhstan-by-far-world-s-largest-producer-4-4-2023
ARC Clean Technology Canada (ARC) has signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) for co-operation in the commercialisation in Alberta of ARC’s advanced Small Modular Reactor (aSMR) technology. The province of Alberta, along with New Brunswick, Ontario and Saskatchewan, has agreed to a joint strategic plan to support SMR development.
- Source: NEI Magazine
- Date: Wednesday, 29 March 2023
- Original article: neimagazine.com/news/newsarc-clean-technology-signs-agreement-on-deployment-of-smrs-in-alberta-10708319
Countries around the world turned to nuclear as a reliable low-carbon energy source as they looked for ways to wean themselves off Russian imports and lower carbon emissions.
New plants began operating, deals for small modular reactors were signed and countries announced ambitious plans for new-build.
On the political front, US president Joe Biden signed into law new legislation that will help to finance struggling nuclear reactors and could save dozens from being shut down early. In Europe, the nuclear industry celebrated when members of the European parliament decided to “follow the science” and support legislation which includes nuclear in the bloc’s sustainable finance taxonomy for green investment.
- Source: Nucnet
- Date: Tuesday, 10 January 2023
- Original article: nucnet.org/news/five-major-developments-that-are-setting-the-stage-for-2023-and-beyond-1-1-2023
In a wide ranging interview for the World Nuclear News podcast, Cameco CEO Tim Gitzel explained: Why the time was right for the Westinghouse deal How Russia's war with Ukraine has led to 'bifurcation' of the nuclear sector Explained Cameco's long-term strategy Looks ahead at the impact of new technologies, including SMRs How nuclear will need to play a key role in getting to net-zero
- Source: World Nuclear News
- Date: Wednesday, 09 November 2022
- Original article: world-nuclear-news.org/Articles/In-Quotes-Cameco-s-Tim-Gitzel-WNN-podcast-on-nucle
India has imported just over 7600 tons of uranium over the past three years, mostly from Kazakhstan and Canada, according to official figures released by the government.
- Source: NEI Magazine
- Date: Friday, 08 April 2022
- Original article: neimagazine.com/news/newsindia-provides-data-on-its-nuclear-power-development-9611717
India has imported just over 7600 tonnes of uranium in the past three years, mostly from Kazakhstan and Canada, according to official figures released by the government. Minister of State Jitendra Singh provided the data, as well as figures for domestic uranium production, and updates on nuclear construction projects, in written answers to questions in the Indian government's upper house, the Rajya Sabha.
- Source: World Nuclear News
- Date: Wednesday, 06 April 2022
- Original article: world-nuclear-news.org/Articles/Indian-minister-provides-uranium,-construction-upd
Canadian uranium producer Cameco is "bullish about the future" thanks to growing interest from around the world in nuclear energy as a reliable, sustainable and low-carbon source of electricity, President and CEO Tim Gitzel said today during the World Nuclear Fuel Cycle forum, which is being held this week by the US Nuclear Energy Institute and World Nuclear Association.
- Source: World Nuclear News
- Date: Wednesday, 14 April 2021
- Original article: world-nuclear-news.org/Articles/Cameco-buoyed-by-global-interest-in-nuclear
CCNS will provide CAD1m (€680,000) in funding to help Canada-based Moltex demonstrate the technical viability of a new process to recycle used Candu fuel.
When removed from an operating reactor, used Candu fuel still contains energy in the form of fissionable uranium and plutonium isotopes, which cannot be used without removing fission products. Moltex’s process would recover these energy resources and prepare them for use as new fuel in other advanced reactor designs, potentially reducing the volume of the material requiring long-term storage in a deep geological repository.
- Source: Nucnet
- Date: Thursday, 01 April 2021
- Original article: nucnet.org/news/opg-and-moltex-launch-project-to-recycle-used-fuel-from-candu-reactors-3-3-2021
Energy consumption from fossil fuels is expected to decrease due to a stated commitment to lower carbon dioxide emissions and address climate change. This reduction will inevitably increase demand for other energy sources, including nuclear – currently the fastest growing source of energy worldwide. Many countries have stated plans to build new nuclear reactors to cope with demand, including China, India, Russia, UK, and the USA. Others are investing heavily in upgrading existing facilities, including Canada and France.
- Source: NEI Magazine
- Date: Friday, 15 January 2021
- Original article: neimagazine.com/news/newsdemand-increases-for-nuclear-metal-tubing-as-higher-energy-consumption-leads-to-plans-for-new-reactors-worldwide-8453732