It is no surprise that uranium production policy in the U.S. is now under great scrutiny. This vital national security issue certainly warrants the U.S. Department of Commerce investigation that is now underway.
Earlier this year, Energy Fuels Resources (USA) Inc. and Ur-Energy USA Inc. petitioned Commerce to investigate the effects of uranium imports on national security under Section 232 of the Trade Expansion Act of 1962. Commerce began its investigation in July, taking a major step toward safeguarding our national security and ensuring that no nation gains the power to hold the U.S. hostage to its geopolitical goals.
It may surprise many Americans that today we produce very little of our own uranium — used essentially for carbon-free electricity and our nuclear defense system. As the world’s largest consumer of uranium, the U.S. in 2017 produced only 5 percent of the uranium needed to supply 20 percent of our nation’s electricity, representing nearly 60 percent of our clean, zero-carbon electricity. As recently as 1987, the U.S. produced 49 percent of our nuclear fuel requirements!
Paul Grandson – Caller Times – September 4, 2018.
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