Bloomberg reported that the Joe Biden administration is working to convince Congress to support a $4.3 billion plan to buy enriched uranium directly from domestic producers. According to the agency, such a move is necessary to reduce dependence on imported Russian resources, while representatives of the US Department of Energy fear that the cessation of uranium supplies will interrupt the operation of commercial nuclear reactors.
And she pointed out in her report that “at the same time, the implementation of the plan will make it possible to find a state buyer in the country, which in turn will stimulate the local market. According to the writer, shares in uranium companies began to rise after the idea was announced, adding: “Despite this, it will not be easy for the company to launch its own uranium industry for Washington, since there is only one commercial enrichment plant left in the United States, the Urenco plant in New York. -Mexico. . And this alliance between companies is divided between representatives of Britain, the Netherlands and Germany, in addition to the need for the consent of members of Congress to the proposed option to reduce dependence on Russian uranium.
It is noteworthy that in March last year, the United States refrained from buying oil, liquefied natural gas and coal from Russia because of a special operation in Ukraine.
Source: El Nashra