Left Menu
Development News Edition

UPDATE 2-Trump declines to set U.S. uranium production quotas

Reuters | Washington DC | Updated: 13-07-2019 22:17 IST | Created: 13-07-2019 22:15 IST
UPDATE 2-Trump declines to set U.S. uranium production quotas

President Donald Trump declined to issue quotas for domestic uranium production late on Friday and instead ordered a 90-day governmental review, a decision praised by U.S. nuclear power generators who fear curbs on fuel imports would boost costs. Trump said in a memorandum he did not concur with a U.S. Commerce Department investigation that found uranium imports threaten to impair U.S. national security.

While Trump said the department's findings "raise significant concerns", he ordered a deeper review by the U.S. Nuclear Fuel Working Group, with input from several government agencies. "A fuller analysis of national security considerations with respect to the entire nuclear fuel supply chain is necessary," the memorandum said. The group will make "recommendations to further enable domestic nuclear fuel production if needed," it said.

The U.S. nuclear power industry faces a rash of closures amid rising security costs and competition from plants that run on cheap natural gas. Political factors likely weighed in Friday's decision, which analysts at ClearView Energy Partners said "may be a harbinger of future White House willingness to intervene into other ...relevant energy policy issues" in critical swing states ahead of the 2020 election.

Pennsylvania, the fifth most populous U.S. state, has five nuclear power plants, for example. DECISION PRAISED BY NUCLEAR POWER COMPANIES

The United States sourced just 7% of its uranium domestically in 2017, with most of the rest coming from Canada, Australia, and Russia, according to the Energy Information Administration. The U.S. uranium mining firms, as well as more than two dozen western state lawmakers, have argued that nuclear generators rely heavily on adversaries such as Russia, China, and Kazakhstan for uranium supply from their state-owned companies, who flood the market.

Petitions from Colorado-based Energy Fuels Inc and Wyoming-based Ur-Energy Inc seek quotas requiring 25% of the U.S. uranium market be sourced domestically. Last year, the Bureau of Land Management and U.S. Forest Service approved the expansion of Energy Fuels' La Sal and Daneros mines, the latter of which is located just outside the Bears Ears National Monument in Utah.

Electric utility companies with nuclear power plants, including Duke Energy and Entergy, fought hard against the miners' petitions, arguing that their costs would spike if they were forced to source uranium domestically. A group of nuclear power generators, called the Ad Hoc Utilities Group, said it was pleased with Trump's decision. "It is clear the Trump administration recognizes the enormous economic and resiliency benefits that the U.S. nuclear energy industry provides to Americans," the group said in a release.


TRENDING

OPINION / BLOG / INTERVIEW

5G will be the key driving force for COVID-19 recovery: Here's how?

... ...

Canada’s COVID-19 pitfalls highlight need for integrated health information system

In the globalized world of today where outbreaks can spread far and wide within a matter of days, a global-level integrated health information system is ideal but Canadas provincial barriers show that the country lags much behind in deployi...

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

Videos

Latest News

Siddaramaiah recovers from COVID-19, to remain in home quarantine

Former Karnataka Chief Minister Siddaramaiah who was tested positive for COVID-19 earlier this month has been discharged in accordance with the guidelines, the hospital authorities said.However, he has been advised to stay in home quarantin...

SC stays HC order on MoEF's failure to publish notification in multiple languages

The Supreme Court on Thursday stayed the Delhi High Court order of contempt of court proceedings against Environment, Forest Climate Change Ministry, for allegedly failing to publish draft Environment Impact Assessment EIA notification in ...

Pakistan's Fawad Alam makes Test comeback after a decade

Pakistan batsman Fawad Alam on Thursday made a Test return after a decade and eight months as he was included in the playing eleven for the second match against England. Alam replaced Shadab Khan in the game at the Ageas Bowl in Southampton...

Workplaces top source of virus clusters in France, says doctor

Workplaces are the main clusters of coronavirus infection in France and companies should have staff work from home as much as possible after the August holidays, one of Frances top coronavirus experts said on Thursday. Weekly health ministr...

Give Feedback