2024-05-16 06:45:00
U.S. BAN RUSSIAN URANIUM
U.S. DOE - MAY 14, 2024 - WASHINGTON, D.C.—Yesterday, President Joseph R. Biden signed into law H.R.1042, the Prohibiting Russian Uranium Imports Act. The passage and signing of this law will ensure the U.S. will no longer be reliant on imported uranium fuel from the Russian Federation. It will ban the import of Russian uranium and revive domestic nuclear fuel production by unlocking $2.72 billion recently appropriated by Congress, at the request of the President, to expand our domestic uranium enrichment and conversion capacity.
“Our nation’s clean energy future will not rely on Russian imports,” said Secretary of Energy Jennifer M. Granholm. “We are making investments to build out a secure nuclear fuel supply chain here in the United States. That means American jobs supporting the Biden-Harris Administration’s commitment to a clean, safe, and secure energy economy.”
This announcement represents another decisive step forward by the Biden-Harris Administration to sever U.S. dependence on Russian material and secure a strong domestic fuel supply to support our Nation’s clean energy assets.
The new law takes effect on August 11, 2024. Recognizing that in the near term, implementing the ban could disrupt the operations of nuclear reactors, the law authorizes the Secretary of Energy, in consultation with the Secretary of State and the Secretary of Commerce, to waive the prohibition and permit the import of Russian uranium if an applicant can show that it has no alternative viable source of uranium or that such imports are in the national interest. Any waiver by the Secretary of Energy is subject to annual aggregate limits and will terminate on or before January 1, 2028.
The implementation of the ban in conjunction with appropriations delivers on multilateral efforts to spur the development of a secure global nuclear energy fuel supply. Last December, the U.S. led a commitment with our allies and partners to collectively invest $4.2 billion to establish a resilient global uranium supply market free from Russian influence. With the passage of this law this commitment has already been eclipsed in partnership with the efforts of France, the United Kingdom, Japan, and Canada.
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Earlier:
2024, May, 8, 06:35:00
US URANIUM BAN IS DETRIMENTAL
The US Senate April 30 approved legislation aimed at banning imports of Russian low-enriched uranium that is produced in Russia or by a Russian entity.
2024, May, 3, 06:30:00
NO RUSSIAN URANIUM
However, the Department of Energy (DOE) may waive the ban if it determines that "no alternative viable source of low-enriched uranium is available to sustain the continued operation of a nuclear reactor or a US nuclear energy company" or that importation of uranium is in the national interest.
2024, January, 29, 06:45:00
RUSSIAN URANIUM PRODUCTION EXTENSION
According to World Nuclear Association information, Russia produced 2508 tU in 2022, making it the sixth largest producer of uranium in the world, while Russian reactor requirements for 2023 were estimated at 6284 tU.
2024, January, 22, 06:40:00
URANIUM PRICES UP
Globally uranium demand is expected to rise by 28% by 2030 and to double by 2040.
2024, January, 9, 06:25:00
U.S. URANIUM BEGINNING
Production will be fully ramped up at the Pinyon Plain, La Sal and Pandora mines by mid- to late-2024, by which time Energy Fuels said it expects to be producing uranium at a run-rate of 1.1 to 1.4 million pounds per year,
2023, November, 23, 06:20:00
URANIUM PRICES MAXIMUM
Following the invasion of Ukraine, things couldn’t be more different, with countries looking to nuclear power as a source of low-carbon power that can diversify their mix from intermittent renewable energy and imported fossil fuels.
2023, August, 4, 06:20:00
U.S. NUCLEAR FUEL
The Nuclear Fuel Security Program envisaged in the amendment will require the US Department of Energy (DOE) to begin acquiring at least 100 tonnes of low-enriched uranium per year,
