A 25% domestic uranium quota will cause catastrophic effects
A single nuclear plant employs about 1,000 people. A domestic purchase quota would jeopardize nuclear plants in more than 30 U.S. states, threatening nearly 100,000 direct jobs and 475,000 indirect jobs nationwide.
The U.S. Navy and our national security rely on a consistent supply of highly enriched uranium (HEU). The quota would completely exhaust economically available U.S. resources in up to 30 years not to mention weaken our national security.
President Trump directed DoE Secretary Perry to “prepare immediate steps” to counter nuclear plant shutdowns and provide necessary financial and regulatory support to ensure grid reliability and resilience. These quotas are a direct reversal of goals stated by the administration.
The global uranium market provides a diversified supply of fuel to the U.S. nuclear energy industry, limiting risks of fuel supply interruption and helping to ensure nuclear energy continues to serve as a reliable, 24/7 electricity source to the electric grid. Nuclear energy supplies roughly 20 percent of America’s electricity consumption.
THE NEW YORK TIMES | JULY 13, 2019
Trump Backs Away From Barriers on Foreign Uranium
Trump has decided against putting a cap on uranium importsPresident Trump said he would not impose quotas on imports of uranium, backing away from one of many trade confrontations the administration has threatened as it tries to protect American industry.
REUTERS | JULY 13, 2019
Trump declines to set U.S. uranium production quotas
President Donald Trump declined to issue quotas for domestic uranium production late on Friday and instead ordered a 90-day governmental review, a decision praised by U.S. nuclear power generators who fear curbs on fuel imports would boost costs.
BLOOMBERG | JULY 12, 2019