U.S. Nuclear Industry Must Find Vast Supplies of Uranium before Next Year
THE
SUPPLY CRUNCH Although nuclear power growth will continue to be driven
by emerging economies like China, India, South Korea and even Saudi
Arabia, the biggest consumer of uranium in the world today is still the
US. There are some 104 nuclear reactors operating in the US, generating
about 20 percent of total US electricity. In terms of uranium consumed
by utilities, that translates into 55 million pounds of uranium per
year. Currently, however, uranium mining in the US only provides about
3.5-4 million lbs per year.In the late 1970s, the US…Read more...
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