How Russia’s war could revive America’s uranium industry

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America’s uranium firms are salivating over the potential revival of their industry

Save time by listening to our audio articles as you multitaskUranium prospecting surged during the cold war as America built its nuclear arsenal. Low-enriched uranium fuels most nuclear reactors; very highly enriched uranium is used in bombs. Most mining took place on the Colorado Plateau, an area spanning swathes of Arizona, New Mexico, Utah and Colorado. At the industry’s peak in 1980 it produced nearly 43.7m pounds of the stuff. Then things went downhill.

First, climate concern has begun to change the politics around nuclear power, which does not emit carbon. Roughly 20% of the power produced by American utilities comes from nuclear, making it the country’s largest source of clean energy. To speed decarbonisation, the Biden administration wants to prop up America’s existing nuclear plants and incentivise the development of new advanced reactors.

The politics of disavowing Russian uranium may look good on paper, but they could leave utilities and innovators like TerraPower in the lurch. Andrew Griffith, who works on nuclear-fuel supply chains at the, likens the nuclear industry’s woes to a chicken-and-egg dilemma. “The advanced reactors are going to have a hard time attracting investment when there’s no fuel supply,” he says, “and it’s hard to attract investment in the fuel supply if there are no customers to purchase the fuel.

 

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The new tech out there makes nuclear the greenest energy out there and we arnt taking about it. Make the US energy cheap again and poverty will go away even more than it has in 20 years

Nuclear energy is literally the cleanest energy ever discovered. But go ahead and spew exaggerated lies to keep people on Biden’s agenda to go electric. Btw. W/o nuclear energy we’ll be stuck in rolling blackouts from insufficient energy production. Or should we buy from Russ?

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