Uranium Week: Another Month Of Stasis

Weekly Reports | Oct 03 2017

Another month has gone by in which the uranium spot price has been unable to break away from the US$20/lb mark.

By Greg Peel

In positive news for the nuclear industry, the US Department of Energy last week conditionally committed US$3.7bn of loan guarantees to the owners of Plant Vogtle in Georgia, on top of US$8.3bn already committed, in order that construction of units 3 and 4 may continue.

The Palisades plant in Michigan will now remain in service until 2022, having previously been slated for shutdown in 2018, and units 1 and 2 of the South Texas project will continue to operate until 2047-48 under renewed operating licences granted by the US Nuclear Regulatory Commission.

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