overview

 

For over 60 years, the U.S. nuclear energy industry has served as an American economic and energy lifeblood employing nearly 100,000 U.S. workers, strengthening communities and providing clean, reliable and carbon-free power.

Earlier this year, the Department of Commerce initiated a Section 232 investigation into uranium imports after two mining companies, Ur-Energy and Energy Fuels, petitioned the agency to implement a 25 percent domestic purchase quota limiting imports. The two petitioners are asking the Department of Commerce to impose a domestic purchase quota that would leave America less secure and drive up nuclear power plants’ fuel prices by $500-$800 million per year.

This action would undermine the Trump administration’s efforts to preserve at-risk nuclear plants to ensure a resilient grid and fuel diversity for consumers as well as weaken our National Security, in addition to causing significant economic harm.

There exists virtually no support for a 25 percent quota on domestic uranium beyond those with a vested interest in the petitioners’ and their allies’ growth. The publicly filed comments from most producers and utilities underscore the potential for catastrophic economic harm to the U.S. nuclear industry and adverse impact to the nation’s national security from a domestic uranium quota.

Imposing additional regulatory burdens via Section 232 on the already struggling U.S. nuclear energy industry could unnecessarily cause a dramatic spike in uranium prices that would threaten thousands of good-paying domestic jobs and put our national security at risk.

 

The Facts

A 25% domestic uranium quota will cause catastrophic effects

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domestic Jobs

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.

national security

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.

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doe goals

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.

reliable energy

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.

News spotlight

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PRESS RELEASE | MAY 14, 2019

Two Foreign-Owned Companies Deliberately Slowed Uranium Production for Profit and Seek to Derail U.S. Nuclear Industry for their Benefit

Two foreign-owned companies, Ur-Energy and Energy Fuels, deliberately slowed uranium production for their own financial gain contributing to lower U.S. production rates last year.

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PRESS RELEASE | MAY 8, 2019

Domestic Uranium Quota Would Harm U.S. Nuclear Energy Industry and Undercut Existing Bilateral Agreement

Two small foreign companies continue to threaten President Trump’s strong support of the U.S. nuclear industry with an ill-advised push for a 25 percent domestic quota on uranium.

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WASHINGTON EXAMINER | APRIL 15, 2019

Daily on Energy

A coalition of utilities warned Sunday that Trump could harm the economic viability of already struggling nuclear plants if he imposes quotas on imported uranium.

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