US uranium imports from Russia more than double
What a hypocritical world we live in . I wonder if US is paying Russia in USD or RUB for the Uranium..lol.
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US uranium imports from Russia were up 2.2-fold in 2022 to 416 tonnes in the first six months of this year, as Washington is forced to admit that it remains heavily dependent on Russian nuclear fuel.
The US has its own deposits of uranium, but they are insufficiently developed to supply its burgeoning nuclear power plant (NPP) sector. And despite having been the home of the Manhattan Project, the US lacks sufficient processing power to refine raw uranium into the burnable U235 – a business that Russia dominates globally.
In the first six months of the year, the US more than doubled its imports of Russian uranium, spending $695.5mn in the process. Experts say that it will take at least five years of heavy investment for the US to break its dependency on Russian imports of U235.
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