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Wednesday
Dec082010

"US has lost control of key parts of the nuclear fuel chain"

Boasts of a nuclear "renaissance" in the U.S. ring even more hollow when one recognizes that almost any new nuclear activities in the US are of foreign origin. Although the deal appears to have almost completely fallen apart, the new reactor frontrunners were French as is the threatened new uranium enrichment plant. Now comes news that proposed new uranium mines in Wyoming will be majority owned by Russia in a 51%-49% partnership with a Canadian firm. About 80% of all uranium used in the U.S. is imported. The mine deal - between Uranium One of Canada and ARMZ of Russia - was described by the Financial Times in a December 6, 2010 article as "the latest sign of how, after a three-decade hiatus in new reactor projects, the US has lost control of key parts of the nuclear fuel chain."