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US considers tariffs on uranium imports
2018-07-22T15:00:47+00:00 - Megan Geuss / Ars Technica
This week, the US Department of Commerce opened an investigation into the nature of uranium imports, ostensibly with an eye to imposing tariffs on ore and other uranium products. Uranium is used in the production of nuclear energy, and currently only five percent of uranium used in the US nuclear energy industry comes from the US. In a press release announcing the uranium investigation, Commerce Secretary Wilbur Ross was quoted as saying: "Our production of uranium necessary for military and electric power has dropped from 49 percent of our consumption to five percent." If the federal government does decide to place import tariffs on uranium, higher prices for reactor fuel could make it harder for nuclear power plants to produce power economically. Among nuclear power companies that could lose out if tariffs are imposed is FirstEnergy Corp., which filed for bankruptcy in April and petitioned the Department of Energy to bail it out.

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