Exelon Corp into Saudi Arabia Nuclear Project; Cobalt Cathodes Price Up

by on

Peace in the Middle East may be hard to achieve, but maybe not so much for nuclear power generation.

According to Industrial Info Resources, “Exelon Corporation (NYSE:EXC) (Chicago, Illinois) is working with two groups that plan to bid on Saudi Arabia’s nuclear build program. The project envisions 17.6 gigawatts (GW) of nuclear power generation by 2032, as part of a strategy to diversify Saudi Arabia’s domestic energy sources. The build could involve 16 reactors for water desalination and power generation.”

Meanwhile, the biggest mover on the MetalMiner’s weekly Renewables MMI® was Chinese cobalt cathodes, which saw a 1.5 percent increase. The price of silicon did not change since the previous week. Neodymium remained essentially flat from the previous week.

* Get the complete prices every day on the MetalMiner IndX℠

The week finished with no movement for Japanese steel plate. Korean steel plate remained unchanged for the week. Chinese steel plate traded sideways last week as well. US steel plate prices held steady.

US grain-oriented electrical steel (GOES) continues hovering lower this month, having dropped 3.8 percent from August to September.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.