nuclear-news

Nuclear Fuel: Russian Cutoff Would Upend Global Market

Jan 5, 2024, Author, Grace Symes, London. Editor. Phil Chaffee

The global nuclear fuel market could be upended this year by one increasingly likely scenario: the possibility that Moscow cuts off all nuclear fuel supplies to the US in retaliation for a bill expected to pass this month in the US Congress.

That bill would ban imports of Russian low-enriched uranium with waivers through 2028, but US nuclear operators fear it would prompt more immediate Russian retaliation, which would in turn have far-reaching effects on the global nuclear fuel sector and leave US utilities in a precarious position, whether or not they were reliant on Russian fuel. US utilities are unlikely to have to actually stop operating reactors due to a lack of available fuel, , but sources expect such a scenario to push further north already high prices for uranium, conversion
and enrichment.

 Energy Intelligence 5th Jan 2024

https://www.energyintel.com/0000018c-cabf-d61c-a7cc-fbbf5b580000

January 8, 2024 - Posted by Christina Macpherson | business and costs, politics international, Russia