World Nuclear Association

The price of uranium has been on the rise, driven by constrained supply and accelerating demand, against a backdrop of renewed interest in nuclear power.

The benchmark contract for uranium oxide which, once enriched, is used as nuclear fuel, rose to $85.75 a pound (around 450 grams) on Dec. 15 for the first time since January 2007.

In 2018, the nuclear power generated 2563 terawatt hours of electricity worldwide, which is up with 61 terawatt hours from a year earlier, according to the World Nuclear Association (WNA) Annual Nuclear Performance Report 2019.

The report will be formally presented and discussed during the WNA Symposium 2019 international event in London on September 5-6.

Bulgaria should accelerate new nuclear build to meet the growing need for reliable, low-carbon electricity, Agneta Rising, director general of the World Nuclear Association, told Energy Commission Members at the Bulgarian Parliament today.

Asian countries dominate the market for new nuclear power plants, says the latest report by the World Nuclear Association. Eight of the ten new nuclear reactors, which began operating in 2016, are in Asia.

Russia's Rosatom expects to sell a 49 percent stake in its Turkish nuclear project to a consortium of Turkish companies by the end of the year, and aims to start construction of the Akkuyu plant by the end of March, a company executive said.