Trump Wants $1.5B Over 10 Years to Revive US Uranium Mining
|02/14/2020||Posted by BusinessMediaguide.Com under General World News||
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 >>>