Fuel cycle players signal next moves as Russian uranium ban becomes law

May 16, 2024, 7:02AMNuclear News
Uranium yellowcake is used in the preparation of uranium fuel that is used in nuclear reactors. (Photo: DOE)

On May 13, President Biden signed the Prohibiting Russian Uranium Imports Act, unlocking the $2.72 billion that Congress conditionally appropriated in March to increase production of low-enriched uranium (LEU) and high-assay low-enriched uranium (HALEU).

To continue reading, log in or create a free account!

Related Articles

Uranium market prices reflect higher demand

November 10, 2025, 12:01PMNuclear News

An end-of-October spot price for uranium of $80.00 per pound—down from the year high of $82.63 per pound in September—is still substantially higher than the year’s lowest price of $64.23...