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atw - International Journal for Nuclear Power | 11/12.2019

Ever since its first issue in 1956, the atw – International Journal for Nuclear Power has been a publisher of specialist articles, background reports, interviews and news about developments and trends from all important sectors of nuclear energy, nuclear technology and the energy industry. Internationally current and competent, the professional journal atw is a valuable source of information. www.nucmag.com

Ever since its first issue in 1956, the atw – International Journal for Nuclear Power has been a publisher of specialist articles, background reports, interviews and news about developments and trends from all important sectors of nuclear energy, nuclear technology and the energy industry. Internationally current and competent, the professional journal atw is a valuable source of information.

www.nucmag.com

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<strong>atw</strong> Vol. 64 (2019) | Issue <strong>11</strong>/12 ı November/December<br />

The shared initial investment will<br />

be used to progress the significant<br />

opportunities presented by the programme;<br />

prepare it <strong>for</strong> the UK’s<br />

regulatory Generic Design Assessment<br />

process; and make final decisions on<br />

which innovations to pursue and realise.<br />

It will also generate the valuable<br />

confidence that the supply chain needs<br />

to begin to prepare <strong>for</strong> a programme<br />

that could create around £52 billion of<br />

value <strong>for</strong> the UK economy.<br />

When licensed and supported by<br />

the required enabling legislation and<br />

siting processes, the power station<br />

could provide reliable low carbon<br />

energy from the early 2030s.<br />

The Government’s intent to<br />

support the programme was announced<br />

in July 2019.<br />

| www.rolls-royce.com<br />

Uranium<br />

Prize range: Spot market [USD*/lb(US) U 3O 8]<br />

140.00<br />

120.00<br />

100.00<br />

80.00<br />

60.00<br />

40.00<br />

20.00<br />

0.00<br />

1980<br />

Yearly average prices in real USD, base: US prices (1982 to1984) *<br />

1985<br />

1990<br />

1995<br />

2000<br />

2005<br />

) 1<br />

2010<br />

2015<br />

2019<br />

Year<br />

* Actual nominal USD prices, not real prices referring to a base year. Year<br />

Sources: Energy Intelligence, Nukem; Bild/Figure: <strong>atw</strong> 2019<br />

* Actual nominal USD prices, not real prices referring to a base year. Sources: Energy Intelligence, Nukem; Bild/Figure: <strong>atw</strong> 2019<br />

| Uranium spot market prices from 1980 to 2019 and from 2008 to 2019. The price range is shown.<br />

In years with U.S. trade restrictions the unrestricted uranium spot market price is shown.<br />

Separative work: Spot market price range [USD*/kg UTA]<br />

Conversion: Spot conversion price range [USD*/kgU]<br />

180.00<br />

22.00<br />

) 1<br />

160.00<br />

140.00<br />

120.00<br />

100.00<br />

80.00<br />

60.00<br />

40.00<br />

Uranium prize range: Spot market [USD*/lb(US) U 3O 8]<br />

140.00<br />

120.00<br />

100.00<br />

80.00<br />

60.00<br />

40.00<br />

20.00<br />

0.00<br />

20.00<br />

18.00<br />

16.00<br />

14.00<br />

12.00<br />

10.00<br />

Jan. 2008<br />

8.00<br />

6.00<br />

4.00<br />

Jan. 2009<br />

Jan. 2010<br />

) 1<br />

Jan. 20<strong>11</strong><br />

Jan. 2012<br />

Jan. 2013<br />

Jan. 2014<br />

Jan. 2015<br />

Jan. 2016<br />

Jan. 2017<br />

Jan. 2018<br />

Jan. 2019<br />

Jan. 2020<br />

561<br />

NEWS<br />

) 1 Sources: Energy Intelligence, Nukem; Bild/Figure: <strong>atw</strong> 2019<br />

Westinghouse signs<br />

agreement to acquire Rolls-<br />

Royce Civil <strong>Nuclear</strong> Systems<br />

and Services Business<br />

(west) Westinghouse Electric Company<br />

signed a definitive agreement to<br />

acquire Rolls-Royce’s Civil <strong>Nuclear</strong><br />

Systems and Services business in North<br />

America, expanding Westinghouse’s<br />

global capabilities in digital, engineering<br />

services, plant automation and<br />

monitoring systems, field services and<br />

manufacturing.<br />

“Creating customer value and<br />

supporting our customers’ operations<br />

is a key driver <strong>for</strong> Westinghouse.<br />

Acquiring Rolls-Royce will strengthen<br />

our ability to serve the nuclear<br />

operating fleet through an expanded<br />

presence in our core business while<br />

adding new digital offerings,” said<br />

Patrick Fragman, Westinghouse president<br />

and chief executive officer. “This<br />

acquisition is an important step in our<br />

growth strategy. We look <strong>for</strong>ward to<br />

welcoming the employees of Rolls-<br />

Royce to Westinghouse.”<br />

The acquisition of Rolls-Royce will:<br />

p Expand Westinghouse’s operating<br />

plant services capabilities<br />

p Enhance the company’s digital<br />

innovation ef<strong>for</strong>ts to optimize<br />

customer planning and maintenance,<br />

and provide engineering<br />

solutions to maximize cost<br />

effectiveness and obsolescence risk<br />

p Support both Westinghouse’s and<br />

Rolls-Royce’s global customer base<br />

through an expanded presence<br />

and synergies between both<br />

companies, enhancing customer<br />

offerings and experience in field<br />

services and plant automation<br />

p Further enable Westinghouse’s<br />

growth while supporting<br />

20.00<br />

0.00<br />

Jan. 2008<br />

Jan. 2009<br />

Jan. 2010<br />

Jan. 20<strong>11</strong><br />

Jan. 2012<br />

* Actual nominal USD prices, not real prices referring to a base year. Year<br />

customers in the North American<br />

and European nuclear markets<br />

Rolls-Royce operates <strong>11</strong> sites in<br />

Canada, France, the United Kingdom<br />

and the United States.<br />

| www.westinghousenuclear.com<br />

Market data<br />

(All in<strong>for</strong>mation is supplied without<br />

guarantee.)<br />

<strong>Nuclear</strong> Fuel Supply<br />

Market Data<br />

In<strong>for</strong>mation in current (nominal)<br />

U.S.-$. No inflation adjustment of<br />

prices on a base year. Separative work<br />

data <strong>for</strong> the <strong>for</strong>merly “secondary<br />

market”. Uranium prices [US-$/lb<br />

U 3 O 8 ; 1 lb = 453.53 g; 1 lb U 3 O 8 =<br />

0.385 kg U]. Conversion prices [US-$/<br />

kg U], Separative work [US-$/SWU<br />

(Separative work unit)].<br />

Jan. 2013<br />

Jan. 2014<br />

Jan. 2015<br />

Jan. 2016<br />

2017<br />

p Uranium: 19.25–26.50<br />

p Conversion: 4.50–6.75<br />

p Separative work: 39.00–50.00<br />

2018<br />

p Uranium: 21.75–29.20<br />

p Conversion: 6.00–14.50<br />

p Separative work: 34.00–42.00<br />

2019<br />

January 2019<br />

p Uranium: 28.70–29.10<br />

Jan. 2017<br />

Jan. 2018<br />

Jan. 2019<br />

Jan. 2020<br />

Sources: Energy Intelligence, Nukem; Bild/Figure: <strong>atw</strong> 2019<br />

2.00<br />

0.00<br />

* Actual nominal USD prices, not real prices referring to a base year. Year<br />

| Separative work and conversion market price ranges from 2008 to 2019. The price range is shown.<br />

)1<br />

In December 2009 Energy Intelligence changed the method of calculation <strong>for</strong> spot market prices. The change results in virtual price leaps.<br />

* Actual nominal USD prices, not real prices referring to a base year<br />

Sources: Energy Intelligence, Nukem; Bilder/Figures: <strong>atw</strong> 2019<br />

Jan. 2008<br />

Jan. 2009<br />

Jan. 2010<br />

Jan. 20<strong>11</strong><br />

Jan. 2012<br />

p Conversion: 13.50–14.50<br />

p Separative work: 41.00–44.00<br />

February 2019<br />

p Uranium: 27.50–29.25<br />

p Conversion: 13.50–14.50<br />

p Separative work: 42.00–45.00<br />

March 2019<br />

p Uranium: 24.85–28.25<br />

p Conversion: 13.50–14.50<br />

p Separative work: 43.00–46.00<br />

April 2019<br />

p Uranium: 25.50–25.88<br />

p Conversion: 15.00–17.00<br />

p Separative work: 44.00–46.00<br />

May 2019<br />

p Uranium: 23.90–25.25<br />

p Conversion: 17.00–18.00<br />

p Separative work: 46.00–48.00<br />

June 2019<br />

p Uranium: 24.30–25.00<br />

p Conversion: 17.00–18.00<br />

p Separative work: 47.00–49.00<br />

July 2019<br />

p Uranium: 24.50–25.60<br />

p Conversion: 18.00–19.00<br />

p Separative work: 47.00–49.00<br />

August 2019<br />

p Uranium: 24.90–25.60<br />

p Conversion: 19.00–20.00<br />

p Separative work: 47.00–49.00<br />

September 2019<br />

p Uranium: 24.80–26.00<br />

p Conversion: 20.00–21.00<br />

p Separative work: 47.00–50.00<br />

| Source: Energy Intelligence<br />

www.energyintel.com<br />

Jan. 2013<br />

Jan. 2014<br />

Jan. 2015<br />

Jan. 2016<br />

Jan. 2017<br />

Jan. 2018<br />

Jan. 2019<br />

Jan. 2020<br />

News

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