Urenco to build new US uranium enrichment plant as Washington reduces reliance on Russian nuclear fuel
By
Jamie Smyth
Kettled twice. Extra chewy, extra trustworthy.
Summary
The US is investing in domestic nuclear fuel production to reduce reliance on Russian uranium enrichment. Urenco, a company partly owned by UK and Dutch governments, announced a multibillion-dollar investment to build a new uranium enrichment plant in New Mexico. This comes ahead of a 2028 import ban on Russian reactor fuel, passed under the Biden administration. Russia currently controls nearly half of the world's uranium enrichment capacity and supplies about 20% of the nuclear fuel used in the US.
Key quotes
· 3 pulledUrenco said on Tuesday it would build a new uranium enrichment plant in New Mexico ahead of a looming import ban on Russian reactor fuel
Russia currently controls almost half the world's uranium enrichment capacity and supplies as much as a fifth of the nuclear fuel used
The US will boost its capacity to make nuclear fuel by as much as 50 per cent after a multibillion investment
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