Author Topic: In 2018, foreign-sourced uranium accounted for 90% of U.S. nuclear operators’ purchases  (Read 703 times)

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Offline thackney

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In 2018, foreign-sourced uranium accounted for 90% of U.S. nuclear operators’ purchases
https://www.eia.gov/todayinenergy/detail.php?id=40134
JULY 22, 2019



Most uranium purchased by U.S. civilian nuclear power reactor operators every year comes from foreign countries. In 2018, 90% of the 40 million pounds of uranium purchased was from foreign countries, led by Canada (24% of total), Kazakhstan (20%), Australia (18%), and Russia (13%). U.S.-origin uranium accounted for 10% of purchases, or 3.9 million pounds. Since 2010, between 83% and 94% of uranium purchases in any single year have come from foreign countries.

Canada was the largest source of uranium purchased by U.S. civilian nuclear power reactor operators in 2018 for the fourth year in a row. Canada, home to large, high-quality uranium reserves, has been the second-largest uranium producer in the world after Kazakhstan since 2009.

Uranium concentrate (U3O8) production and employment in the uranium industry in the United States have fallen for the past several years. U.S. uranium production totaled 1.6 million pounds of U3O8 in 2018, the lowest annual total since 1950 and a 66% decrease from the 4.9 million pounds of U3O8 produced in 2014.



According to uranium market employment data—which includes exploration, mining, milling and processing, and reclamation activities—full-time equivalent employees declined to 372 in 2018, the lowest total since 2003, when they totaled 321. Employment increased every year from 2004 to 2008 as uranium prices rose, peaking at 1,563 employees in 2008. Industry employment has now fallen in every year from 2012 to 2018.

Exploration employment has seen the largest decline since 2008, down 94% from 457 full-time equivalent employees to only 27 in 2018 because persistently low uranium prices offer little incentive to explore more potential mining sites. Mining employment is down 80% from 2008 levels, from 558 employees to 110 employees in 2018.

The only category where employment hasn’t declined is reclamation, which increased to 138 employees in 2018, up from 100 in 2017. Reclamation activities have increased because more formerly active properties are being restored to a more natural state after onsite resources are exhausted or sites become uneconomic to operate.

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Offline thackney

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U.S. uranium production in 2018 was the lowest in nearly 70 years
https://www.eia.gov/todayinenergy/detail.php?id=39352
MAY 6, 2019





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Offline rustynail

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See, Hillary was looking out for us by getting Uranium Deals.

Offline IsailedawayfromFR

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Guess I have to ask why it is happening, ie - is it the product of a low resource level here or simply economics.

If the former (which I doubt is the case), that could be ominous should we at some future time need it.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline thackney

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U.S. uranium miners say ready to ramp up if Trump approves quotas
https://www.reuters.com/article/us-usa-trade-uranium/u-s-uranium-miners-say-ready-to-ramp-up-if-trump-approves-quotas-idUSKCN1U62TJ
JULY 11, 2019

Nuclear wasteland: The explosive boom and long, painful bust of American uranium mining
https://www.cnbc.com/2018/08/04/the-miners-that-fuel-americas-nuclear-power-and-atomic-arsenal-are-di.html
AUG 4 2018

Government incentives and trade barriers once sparked a gold rush for uranium, leading to a boom in mining for the nuclear fuel.

However, U.S. uranium miners have endured decades of distress as foreign competition entered the market and demand faltered as nuclear energy fell out of favor.

Uranium miners are now asking the Trump administration to erect trade barriers torn down more than 30 years ago to preserve the industry.
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Offline thackney

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https://www.nytimes.com/2019/07/13/us/politics/trump-uranium-trade.html

President Trump said he would not impose quotas on imports of uranium, backing away from one of many trade confrontations the administration has threatened as it tries to protect American industry.

Mr. Trump, in an announcement late Friday night, said that he did not agree with the commerce secretary’s findings that foreign uranium poses a threat to national security. It was a rare dissent for a president who has determined that foreign metals, autos and auto parts are a threat to America’s national security and should be restricted.

After several months of deliberation, the commerce secretary determined that the high volume of uranium imports do pose a threat to national security. Mr. Trump rejected that finding.

“Although I agree that the secretary’s findings raise significant concerns regarding the impact of uranium imports on the national security with respect to domestic mining, I find that a fuller analysis of national security considerations with respect to the entire nuclear fuel supply chain is necessary at this time,” the president said in a statement....
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