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China investing in USA’s USEC uranium enrichment comany

Fuel Maker for Reactors Has China as Investor –  NYTimes.com,  24 June 2010, “…….Even a passive Chinese government stake in USEC could draw attention in Washington for its strategic and diplomatic implications. USEC, the parent of the United States Enrichment Corporation, is a cornerstone of America’s nuclear establishment, with classified operations that date back to the initial development of the atomic bomb during the Manhattan Project in World War II……

With $2 billion a year in sales, USEC holds about 30 percent of the worldwide uranium enrichment market for commercial reactors.

And it has been at the center of an Energy Department-administered program to take highly enriched uranium from former Soviet military stockpiles and dilute it for USEC to sell as fuel in civilian nuclear reactors, the so-called megatons-to-megawatts program. It may now do the same for the United States military after President Obama and President Dmitri A. Medvedev of Russia signed an agreement in April calling for deep cuts in nuclear weapons…….

Fuel Maker for Reactors Has China as Investor – DealBook Blog – NYTimes.com

June 24, 2010 - Posted by Christina Macpherson | politics, USA | antinuclear, enriched, nuclear, nuclear costs, nuclear spin, nuclear technology, nuclear weapons, uranium