US Bans Imports Of Russian-Sourced Low-Enriched Uranium

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US legislation H.R. 1042 passed May 13, 2024 prohibits the importation of low-enriched uranium from Russia or Russian entities into the USA 90 days after enactment.

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US legislation H.R. 1042 also enables US$2.7 billion in funding to re-start America’s domestic nuclear fuel production and uranium mining industry under the Nuclear Fuel Security Act.

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"Our bipartisan legislation will help defund Russia’s war machine, revive American uranium production, and jumps tart investments in America’s nuclear fuel supply chain…”

Senator John Barrasso, Wyoming

It "simultaneously unlocks USD2.72 billion to ramp up domestic uranium fuel production…”

Senator Joe Manchin, West Virginia

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In 2023, the United States…

  • consumed 46.9 Mlbs of U3O8 but produced <<1 M lbs
  • Imported uranium from:
    • Canada (27%)
    • Kazakhstan (25%)
    • Australia (25%)
    • Russia (12%)
  • Generated 19% of their electricity fromnuclear power

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