nuclear-news

The measure endorsed by Senate Minority Leader Mitch McConnell is intended to keep open a Kentucky uranium enrichment facility and preserve 1,200 jobs.

Three such planned releases of federal uranium inventories could undermine uranium prices and cost jobs in their industry, the group Uranium Producers of America says……

Uranium prices have been averaging around $50 a pound since spiking above $130 in 2007. Rep. Cynthia Lummis, R-Wyo. — whose state has more estimated uranium reserves than any other by far, according to the U.S. Energy Information Administration — questioned the department’s view of market certainty in the years ahead……  Up to 9,182 metric tons of depleted uranium — a byproduct of uranium enrichment for nuclear reactors — will be processed into the equivalent of 482 metric tons of low enriched uranium. Also the Department of Energy plans to release up to 2,800 metric tons of uranium per year as part of other projects including cleanup at the Paducah enrichment facility and one in Portsmouth, Ohio. http://trib.com/news/state-and-regional/uranium-miners-wary-of-plan-to-enrich-depleted-uranium-stockpile/article_ffd65d4e-03d2-5122-af1e-67fdc8249142.html#ixzz1vY7Gpt6f