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Hungary to build a Danube 'peninsula' near Paks nuclear
Hungary to build a Danube 'peninsula' near Paks nuclear
London, 12 August (Argus) — The Hungarian government has decided to build a "peninsula" in the Danube river near the Paks nuclear power plant in the hope of raising critically low river levels, prime minister Peter Magyar said on Wednesday. The 24-hour operation will involve adding 150,000m³ of stone to the two riverbanks near the 2GW Paks nuclear plant. In a possible second phase, authorities would sink two barges to redirect flows. With no significant rainfall forecast in the Danube basin for weeks, the tenuous situation could "persist for months" in the absence of intervention, Magyar said. The proposed intervention could ensure water levels at Paks' cooling channel do not drop below minus 90cm, allowing Paks to operate at full capacity, the prime minister argued. Danube river levels at Paks were 108cm below the reference level, but are set to fall to 137cm by 18 August, near the record low of 140cm below the reference level on 4 August, when Paks avoided a complete shutdown by millimetres . Romania carried out a similar operation using barges to redirect flows on 7-8 August at a section of the Danube near its 1.4GW Cernavoda nuclear plant. Following the intervention, Danube river levels near Cernavoda were 8cm higher than initially forecast by 9 August. But two days later, operator Nuclearelectrica announced it would be likely to have to shut down the plant's second 700MW unit. A complete failure of Paks would cost the Hungarian state 50bn forint/month (€136mn/month), as well as weighing on the economy, Magyar said. By Jessamy Guest Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Mexico industrial output rebounds in June
Mexico industrial output rebounds in June
Mexico City, 11 August (Argus) — Mexico's industrial production expanded by 0.2pc in June from the previous month, marking gains in two of the second quarter's three months as construction showed signs of a tentative recovery. The June increase in Mexico's industrial activity indicator (IMAI), reported Tuesday by statistics agency Inegi, followed a revised 0.7pc contraction in May and a 2.1pc expansion in April. Industrial activity posted a cumulative net increase of 1.6pc over the second quarter. The June result matched the consensus forecast cited by Mexican bank Banorte. Construction, which accounts for 19pc of the IMAI, expanded by 3pc in June, rebounding from a 3.7pc decline in May after a 7pc increase in April. Within the sector, building construction rose by 4.8pc in June after falling 5.5pc in May. Civil engineering fell by 2.7pc, reversing a 4.5pc May increase. Weakness remained concentrated in manufacturing, which declined by 0.6pc in June after a 0.1pc drop in May and a 1.1pc increase in April. Ten of 21 manufacturing subsectors contracted in June. The heavily weighted transport equipment segment fell 3.2pc in June, its first decline since January and the steepest since July 2025. Machinery and equipment output fell by 1.4pc after a 3.1pc May increase, while electronic equipment expanded by 0.5pc after declining 0.1pc. Mining expanded by 0.6pc in June, led by a 10.5pc increase in related services, with the oil component also positive at 0.2pc. This follows 0.3pc expansion in May and a 0.2pc decline in April. Generation, transmission and distribution of electricity, natural gas and water rose by 0.9pc in June, marking its first monthly expansion of 2026 after contraction of 0.4pc in May. Industrial production returned to positive territory in annual terms, expanding 1.7pc in June from a year prior, with all four sectors posting increases. Mining was the top performer, rising 6.6pc, followed by construction at 5pc. Utilities rose by an annual 0.7pc, with manufacturing edging 0.1pc higher. By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil’s inflation slows to 4.44pc in July
Brazil’s inflation slows to 4.44pc in July
Sao Paulo, 11 August (Argus) — Brazil's inflation slowed to an annual 4.44pc in July, with lower housing costs helping to offset higher electricity bills. The consumer price index IPCA decelerated from 4.64pc in June and 4.72pc in May, national statistics agency IBGE said on Tuesday. The latest decline puts inflation within the central bank's target range of 1.50-4.50pc. Food and beverage costs, which weigh heavily on the index, contributed the most to the monthly deceleration in the IPCA, decelerating to an annual 3.4pc in July from 3.82pc in June. Lower prices for coffee, fruits and vegetables largely drove the declines, IBGE said. Housing costs was the largest monthly contributors to the gain in the index in July, with its inflation accelerating to an annual 5.93pc from 5.85pc a month earlier, mostly thanks to electricity bills and tax readjustments for power supply in some southern states. Transport costs slowed to an annual 3.64pc in July from 3.95pc in June. Lower prices for ethanol, diesel, gasoline and compressed natural gas weighed on motor fuel costs, despite an increase in airfares The annual gain for July was down from 5.23pc in July 2025 . The central bank expects inflation to end 2026 at 5.03pc, above its 1.5-4.5pc expected range. It also expects inflation at 4.22pc for 2027 and 3.8pc for 2028. Brazil's central bank lowered its target rate to 14pc in its latest meeting , held last month, a fourth such quarter point cut since March after holding it at 15pc since mid-2025 to stem inflation. By Mariana Funchal Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Jellyfish cut 67pc French Gravelines nuclear capacity
Jellyfish cut 67pc French Gravelines nuclear capacity
London, 11 August (Argus) — Utility EdF last night curtailed about 3.1GW or just over half of France's 5.4GW Gravelines nuclear reactor — made up of six 900MW reactors — in response to a huge influx of jellyfish, increasing to 3.6GW on Tuesday evening. EdF first automatically shut down units 3 and 4, followed by a unit 2 shutdown and a curtailment by half of unit 1, the utility said today. Units 3 and 4 left the grid just before 20:00 local time on Monday, while unit 2 followed with a full-capacity outage at 22:30. Unit 1 began reduced operations at 430MW of capacity from 21:00, according to the utility's unavailability ticker. Meanwhile, unit 5 was already off line for maintenance until 8 December, while unit 6 will be reduced to 500MW of capacity as of 16:30 today until 10:00 on Wednesday, according to a Remit notice published this afternoon. The curtailments — excluding the partial reduction at unit 6 — equate to a 3.13GW or 58pc reduction in Gravelines' total plant capacity. Including the unit 6 curtailment, total reductions were at 3.63GW, or 67pc of the reactor's entire capacity. The curtailments at units 1 and 2 are currently scheduled to last until Wednesday at 23:00, while units 3 and 4 are set to return to the grid at 23:00 on 16 and 19 August, respectively. User-reported jellyfish weather service Meduseo on Monday reported an increase to 75 from 0 on its jellyfish density evolution chart at the Gravelines beach, next to the plant in northern France. The recorded global average sea surface temperature last month was the highest for any July on record at 20.96°C, data from EU earth-monitoring programme Copernicus show. And curtailed output from France's nuclear reactors so far this summer is nearing 5TWh due to heat and drought, having impacted 30pc of the fleet since restrictions began on 22 June. July was the hottest month ever recorded, according to state weather agency Meteo France, and one of the driest, with river flows and soil moisture at historic lows. On this day a year ago, EdF disconnected four 910MW units at Gravelines after finding jellyfish in filtering drums at the reactor's pumping stations. By Bea Leverett Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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