World Nuclear Association News
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Cameco Corp., the world’s third- largest uranium producer, reported first-quarter profit and revenue that trailed analysts’ estimates after a decline in the price of the raw material in nuclear-reactor fuel.
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Uranium’s rally from a three-year low is stalling amid signs Japan, once the world’s third-biggest nuclear power producer, will keep all but a handful of its reactors offline this year.
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China is buying unprecedented amounts of uranium, signaling that prices are poised to rebound after three years of declines.
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The biggest drop in prices of uranium in two years may be ending as China and India plan atomic power developments that will more than double global production even after Japan’s nuclear disaster.
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More than a third of Japan’s nuclear reactors will need to apply for license extensions within five years or face decommissioning at a time when the industry’s safety record is in tatters after the Fukushima disaster.
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China connected to the electricity grid an experimental nuclear reactor that produces less radioactive waste than current designs, in a move that may help the nation build safer atomic plants after the Fukushima crisis.
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French and West African military intervention in Mali runs the risk of provoking revenge attacks by Islamic militants, spreading instability in a region rich in gold, uranium and cocoa, said analysts from Dakar to London.
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Cameco Corp., the world’s third- largest uranium producer, said Chairman Victor Zaleschuk will step down at the company’s next annual meeting.
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Iran meets world powers today in Kazakhstan in the latest round of talks intended to ensure that Iran doesn’t develop nuclear weapons.
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Uranium is poised to rebound from a second annual decline as Japan considers restarting its atomic plants almost two years after the Fukushima disaster and China pushes ahead with the world’s biggest nuclear building program.
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