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Trump Wants $1.5B Over 10 Years to Revive US Uranium Mining

Rep. Raul Grijalva, D-Ariz.,speaks as the House of Representatives debates the articles of impeachment against President Donald…

The Trump administration is asking Congress for $1.5 billion over 10 years to create a new national stockpile of U.S.-mined uranium, saying that propping up U.S. uranium production in the face of cheaper imports is a matter of vital energy security.

But some Democratic lawmakers, and market analysts across the political spectrum, charge that the Trump administration’s overall aim is really about helping a few uranium companies that can’t compete in the global market. Demand for the nuclear fuel has languished worldwide since Japan’s 2011 Fukushima disaster. U.S. uranium production has plummeted 96% in the last five years, the U.S. Energy read more >>>

Source:: VOANews.Com