ANALYSIS: Can once-thriving uranium industry come back to life in Nebraska?

Image courtesy of Pixabay Reviving uranium mining has long been in the works, but production plans have been held up by funding hurdles and problems with federal regulations. Now, as a result of Russia’s brutal invasion of Ukraine, that may change.

Nearly 50% of the uranium used at U.S. nuclear power plants, in nuclear medicine and for distant space missions is imported from Russia and two of its closest allies, Kazakhstan and Uzbekistan, both former Soviet states. Yet despite Russia’s atrocities in Ukraine, the United States continues to pay Russia $100 million a month for uranium. This is absurd.

Congress is considering legislation to ban imports of Russian uranium, but the Biden administration — which has imposed sanctions against Russian sales of oil and natural gas — wants the uranium shipments to continue.

Let’s be clear: Sanctions have been only partly successful in putting pressure on Russia’s economy and slowing its war […]

About the author: StockMan
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