Uranium

Senators warn sanctions if Iran deal unacceptable

WASHINGTON (AP) — The Democratic and Republican senators largely responsible for tough sanctions on Iran are warning of more penalties if any deal with Tehran on its nuclear work is unacceptable.

Sen. Bob Menendez of New Jersey, the chairman of the Foreign Relations Committee, and GOP Sen. Mark Kirk of Illinois said in a statement Wednesday that a good deal must dismantle, not stall, Iran's nuclear program. They said it must prevent Tehran from being on the cusp of becoming a nuclear weapons state.

Centrus, formerly USEC, emerges from bankruptcy

Source: 
The Washington Post

Investors have agreed to a restructuring plan that will bring Centrus Energy Corp., the new name for uranium-seller USEC, out of Chapter 11 bankruptcy protection, The Washington Post reports.

Spot uranium prices at 14-month high

Source: 
Platts

An increase in demand and reduced supplies were responsible for a jump in spot uranium prices, at $36.50 per pound Tuesday, the highest since July 2013, Platts reports.

Uranium enrichment firm to re-emerge from bankruptcy

Source: 
Platts

The U.S. Bankruptcy Court in Delaware last week approved restructuring plans for uranium enrichment company USEC, which will enable it to emergy from Chapter 11 bankruptcy protection as Centrus Energy Corp., Platts reports.

Australia to supply uranium to India

Source: 
Deutsche Welle

The leaders of Australia and India have signed an agreement for Australia to supply India with uranium for nuclear power plants, Deutsche Welle reports.

Australia to sign uranium export deal with India

NEW DELHI (AP) — Australia's Prime Minister Tony Abbott met with his Indian counterpart Friday on a two-day state visit during which they are expected to sign a deal to allow the export of Australian uranium to India for use in power generation.

The agreement is expected to be signed Friday evening. Australia, which has almost a third of the world's known uranium reserves, imposes strict conditions on uranium exports and India's failure to sign the Nuclear Non-proliferation Treaty had long been a barrier to a trade deal.

Report: Iran opens uranium-conversion plant

TEHRAN, Iran (AP) — Iran inaugurated a new plant Saturday to convert a type of uranium into a material that cannot be used to make nuclear weapons as part of its interim atomic deal with world powers, its official news agency reported.

The report by IRNA quoted Ali Akbar Salehi, the head of Iran's nuclear agency, saying that the plant will convert uranium hexafluoride, which can be used to make nuclear weapons and fuel. It will become uranium dioxide, which can only be used in nuclear reactors, he said.

Uranium trade increasing on sanction fears

Source: 
Platts

Fears that Russian sanctions might affect the availability of uranium has boosted trading activity in the sector, Platts reports.

Obama: Significant gaps on Iran nuclear talks

WASHINGTON (AP) — President Barack Obama says there are "still significant gaps" and more work to do on Iran nuclear talks.

The president told reporters Wednesday that he will consult with Congress and allies to determine whether negotiations need to be extended after the July 20 deadline.

Japanese reactor restarts could boost struggling uranum prices

Source: 
Bloomberg

Japan's move to vouch for the safety of two idled reactors is a step toward a nuclear restart in the country, a development market analysts say could boost struggling uranium prices, Bloomberg reports.

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