Tag: Tonne

EnergyGovernmentPolicy

US Opens Weapons-Grade Plutonium Stockpile to Energy Firms in Bid to Counter Russian Uranium Dominance

In a strategic move to reduce dependence on Russian uranium, the US government is offering energy companies access to Cold War-era plutonium stockpiles. The initiative aims to accelerate development of advanced nuclear reactors amid growing electricity demands from AI data centers.

Breaking Russia’s Uranium Stranglehold

The United States is taking unprecedented steps to weaken Russia’s dominance in nuclear fuel supplies by offering energy companies access to weapons-grade plutonium from Cold War-era stockpiles, according to reports from the Financial Times. The Department of Energy has published an application process that would allow nuclear energy groups to request up to 19 megatonnes of the government’s plutonium reserves.

by Nathan Cole
BusinessEnergy

Vulcan Energy Signs Major Lithium Supply Deal with Glencore for European Project

Vulcan Energy has secured a significant lithium hydroxide supply agreement with mining giant Glencore for its Lionheart Project in Europe. The eight-year deal represents approximately 20% of Vulcan’s planned Phase One output and marks the final offtake agreement for project financing. This partnership strengthens Europe’s position in the global electric vehicle supply chain.

Australian lithium developer Vulcan Energy has signed a strategic supply agreement with global mining giant Glencore to provide lithium hydroxide monohydrate from its European operations, marking a significant advancement in the continent’s electric vehicle battery supply chain. The eight-year deal represents approximately 20% of Vulcan’s planned Phase One production capacity and solidifies the company’s position as a key player in Europe’s green energy transition.

Strategic Partnership Details and Volume Commitments

by Elisa Romero