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Despite glut of uranium fuel AREVA – now called Orano, to start a huge new uranium conversion plant

Reuters 11th Sept 2018 , French nuclear group Orano on Monday inaugurated a 1.15 billion euro (1.02
billion pounds)uranium conversion plant despite huge global overcapacity
for nuclear reactor fuel. State-owned Orano’s new plant in Tricastin,
southern France, will account for a quarter of the world’s 60,000-tonne
annual uranium hexafluoride (UF6) production capacity when it fully ramps
up in 2021 and is set to have the industry’s lowest costs, the company
said. UF6, produced by combining “yellowcake” uranium ore concentrate
with fluorine, is a precursor of enriched uranium, which fuels the
world’s nuclear plants. Following the 2011 Fukushima disaster in Japan,
uranium prices are near decade lows as several countries reduced their
reliance on nuclear energy.


September 12, 2018 - Posted by | business and costs, France, politics, Uranium

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