Next-month futures in Europe’s biggest economy surged as much as 4.4% on Monday to the highest level since October last year. The equivalent contract in France rose 4.3%.

The partners studied the feasibility of an electric nuclear propulsion (NEP) system where the electricity produced by a nuclear power reactor powers electric ion thrusters - ionising a gas and accelerating the ions produced, which are then ejected to generate thrust.

The new cooperation creates prospects for implementing joint projects in uranium exploration and mining in Mongolia, allowing both parties to strengthen their positions in the uranium industry, Kazatomprom said.

The U.S. Department of Energy will allocate almost $2 billion for 38 projects that will directly focus on hardening the U.S. power grid.

Sweden and the USA have signed a memorandum of understanding aimed at pursuing cooperation in industrial collaboration, technology development, and research and innovation in technologies related to nuclear energy for peaceful purposes.

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The passage and signing of this law will ensure the U.S. will no longer be reliant on imported uranium fuel from the Russian Federation.

US production of 82,533 pounds U3O8 (32.1 tU) in the first quarter of 2024 was the highest Q1 production since 2018 and almost 80% more than production for the whole of 2023.

The US Senate April 30 approved legislation aimed at banning imports of Russian low-enriched uranium that is produced in Russia or by a Russian entity.

The nuclear energy future that is being proposed now – small, flexible reactors distributed everywhere for many uses besides electricity – will not reduce, but will add to the national security risks that are unique to nuclear energy. On top of this, cooperation among key states essential to minimize the safety, security and proliferation risks of nuclear energy is at an all-time low.