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Trump rejects uranium import limits, but begins nuclear fuel review

Trump rejects uranium import limits, but begins nuclear fuel review S and P Global, Author William Freebairn     Joniel Cha , EditorJason Lindquist , 14 July 19, Washington President Donald Trump issued a decision late Friday rejecting a request from US uranium producers that US utilities be required to purchase a portion of their annual uranium requirements domestically, calling instead for a 90-day review of nuclear fuel issues.

The Trump administration did not take the action sought by US uranium producers, who said imports were hurting their businesses. Instead, he appeared to favor the interests of US nuclear plant operators, who said trade restrictions might cause economically challenged reactors to shut.

The US Department of Commerce, Trump said, found that uranium imports were threatening national security, but the president said he did not agree with the determination. A “fuller analysis of national security considerations with respect to the entire nuclear fuel supply chain is necessary at this time,” Trump said.

A White House working group will be established to report on all aspects of the nuclear fuel supply chain and make “recommendations to further enable domestic nuclear fuel production if needed,” Trump wrote in his memorandum Friday.

The Ad Hoc Utility Utilities Group, which represented most US nuclear plant operators on the matter, in a statement Saturday welcomed the Trump decision, as did the Nuclear Energy Institute, which represents a broad range of nuclear energy companies……… https://www.spglobal.com/platts/en/market-insights/latest-news/electric-power/071319-trump-rejects-uranium-import-limits-but-begins-nuclear-fuel-review

July 15, 2019 - Posted by | politics, USA

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