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Energy Fuels and Ur-Energy petitioned for the investigation amid concerns that domestic producers in the U.S. are projected to fulfill about 2% of total U.S. commercial demand in 2018. In 2017, imports of uranium from state-owned and state-subsidized enterprises in Russia, Kazakhstan and Uzbekistan fulfilled about one third of U.S. demand, while purchases of U.S. uranium by owners of U.S. nuclear reactors dropped by 46%.
In the petition, the companies proposed two complementary remedies. They include a quota that limits imports of uranium into the U.S., effectively reserving 25% of the U.S. market for domestic uranium production, as well as a requirement for U.S. federal utilities and agencies to buy U.S. uranium in accordance with the President’s Buy American Policy.
The proposed remedies are expected to result in U.S. utilities purchasing approximately 12 million pounds of uranium per year from U.S. production."
(20min delay)
