The uranium spot price plunged $1.35 this past week, to $40.90 per pound, as a lack of market activity and reports of new problems with Chinese imports prompted sellers to lower offer prices
Articles Tagged "United Arab Emirates"
Acquiring potable water resources and maximizing the value of oil and gas resources are the two most salient reasons for the push toward nuclear power generation in the Middle East.
Uranium market news is slow heading into the holidays, but signs that the world is moving toward increased use of nuclear power are evident.
Globe and Mail reported a new nuclear deal between the Canadian government and United Arab Emirates has settled a two-year long spat between the two nations.
Barakah One, a nuclear power company based in the United Arab Emirates, recently received a $2 billion loan that will allow it to construct the country's first nuclear power plant. The nuclear situation in Iran is less rosy.
Platts reported Areva (EPA:AREVA) will supply enriched uranium for eight years to four of Emirates Nuclear Energy's planned Barakah units.
Bloomberg reported the Emirates Nuclear Energy Corp. in theUnited Arab Emirates has awarded uranium supply contracts worth about $3 billion.
SMH reported Australia has agreed to sell uranium to the United Arab Emirates as the nation plans a switch to nuclear power.
Nuclear Energy Insider reported the United Arab Emirates is in talks to build more nuclear plants.
Versant Partners reported senior Chinese officials have approved plans to construct four more nuclear reactors and the United Arab Emirates plans to build four more in the next year.