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Fri Apr 19, 2019, 04:04 AM

Southern Utah uranium producers hope Trump's trade decision will benefit them

Global markets are awash with cheap uranium, threatening to put out of business U.S. producers who say they are competing against “state-sponsored” companies in Russia’s orbit bent on cornering the market for a critical fuel that powers a fifth of U.S. electrical generation and the nation’s nuclear Navy.

In the coming three months, however, President Donald Trump is expected to issue a trade decision that could make or break the U.S. uranium-mining industry with implications for southeastern Utah, where idled and abandoned mines still dot some of the world’s most beautiful desert landscapes.

At the request of two U.S. producers, the Trump administration is weighing whether to require the nuclear power industry to secure up to 25 percent of its uranium from domestic sources. Such a move would make mining near Grand Canyon National Park and Bears Ears National Monument much more likely, say critics such as Amber Reimondo, energy program director of the Grand Canyon Trust.

“U.S. uranium prices will climb and U.S. uranium miners will be given a bypass around the presently saturated global market,” Reimondo said. “The brimming global supply of uranium has kept prices low for years, restraining the kind of rampant plundering of public and tribal lands that this country experienced decades ago. The public is still grappling with the consequences and paying the price of the last uranium boom.”

Read more: https://www.sltrib.com/news/environment/2019/04/17/buy-more-our-uranium-utah/
(Salt Lake Tribune)

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Reply Southern Utah uranium producers hope Trump's trade decision will benefit them (Original post)
TexasTowelie Apr 2019 OP
ROB-ROX Apr 2019 #1

Response to TexasTowelie (Original post)

Fri Apr 19, 2019, 01:46 PM

1. I know that in the 90's we bought thousands of tons

of uranium from Russia to prevent terrorist from getting it. There was an excess then and there is still an excess of uranium. The uranium supply for weapons and power has exceeded the demand. It is a waste of time and money to mine uranium because there are THOUSANDS of tons of processed uranium in storage by DOE. Damn dirty thieving corrupt republicans trying to screw the USA for evil cash......

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