nuclear-news

The enriched uranium market is all at sea, with USA the largest importer of Russian material

 Five days after Russia imposed tit-for-tat restrictions on exports of
enriched uranium to the US, a 14-year old vessel remains anchored outside
the port of Saint Petersburg, its crew presumably unsure whether the
radioactive cargo they were due to collect for a US-based client can still
be shipped.

Moscow’s new measures, announced on Friday, come with
caveats. Just as US import restrictions introduced in May still allow
companies to seek waivers allowing uranium shipments when they can’t
obtain supplies elsewhere, so the Russians “didn’t say they’re
outright ending all deliveries to the US,” says Jonathan Hinze, president
of UxC, a consultancy specialising in the nuclear industry.

Russia’s cash requirements and control of almost half of global enrichment capacity,
coupled with the energy needs of the world’s biggest economy, mean “the
US stands out conspicuously as the largest importer of Russian material,
both prior to Moscow’s invasion of Ukraine and since,” writes Darya
Dolzikova, a research fellow at Royal United Services Institute.

 FT 20th Nov 2024,
https://www.ft.com/content/ec09bcff-3771-4679-b0d0-4ec7062b7072

November 24, 2024 - Posted by Christina Macpherson | business and costs, Russia, Uranium