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.