Even Higher Uranium Prices Ahead This Summer

RUSSIA Let’s take the Russian situation. U.S. utilities have been somewhat lackadaisical about uranium pricing because they’ve been getting Russian uranium on the cheap. Russia’s Rosatom head Sergei Kiriyenko has reportedly told U.S. utilities there will be no HEU-2 deal. Whether this is a ploy to extract a better deal for Russia, or Russia’s announcement it will feed other nuclear-ambitious countries with its uranium is not known. U.S. utilities are now lobbying the U.S. Commerce Department to end the restrictions on importing enriched Russian uranium. They like the pricing, and are now arguing that higher uranium prices are jeopardizing the nuclear renaissance in the United States. Because of rising uranium prices, 85 percent of the utilities, which operate View the rest of this article