This podcast discusses the US's dependence on Russian uranium for nuclear power and the efforts to reduce this reliance. It explores the history, challenges, and reasons behind the dependence, as well as the process of converting uranium into fuel pellets. The podcast also highlights the reopening of a uranium facility in Illinois, the recent coup in Niger and its impact on the global uranium industry, and the future of the US uranium industry and its dependency on Russian uranium.
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Quick takeaways
The US has been dependent on Russia for uranium, including enriched uranium, conversion, and raw uranium, which has raised security concerns and weakened the nuclear fuel supply chain.
To address the dependence on Russian uranium, the US government is actively working to build up its own capabilities by establishing a domestic stockpile of nuclear fuel, entering agreements with allies to limit Russia's involvement, and developing high assay, low enriched uranium for next-generation reactors.
Deep dives
US dependence on Russian uranium
The US has been dependent on Russia for uranium due to a commercial relationship formed after the Cold War. This has been a concern since Russia's invasion of Ukraine, as Russia supplies not only enriched uranium but also conversion and raw uranium. This dependence has weakened the nuclear fuel supply chain and led to efforts to rebuild the West's uranium capabilities.
Challenges in the US uranium industry
The US uranium industry has faced challenges, including plant closures and competition from cheap natural gas. The US relied on gaseous diffusion technology for uranium enrichment, which was energy-intensive. Eventually, the US had to adopt centrifuges, but it left the country dependent on Russia for enriched uranium. The industry requires long-term commitments and investments to increase domestic capacity.
Efforts to reduce reliance on Russian uranium
The US government, together with its allies, is working to address the dependence on Russian uranium as a security issue. The US is pushing for a domestic stockpile of nuclear fuel and seeking to rebuild the North American nuclear fuel cycle. This includes entering into agreements with Canada, the UK, and France to limit Russia's involvement in the fuel cycle. Additionally, efforts are being made to develop high assay, low enriched uranium for next-generation reactors.
We're taking a break for the holidays, so here's an episode you might have missed.
About half of the enriched uranium that nations around the world use for nuclear power comes from Russia. It supplies almost a quarter of America’s 92 nuclear reactors and dozens of other plants across Europe and Asia. The US is now trying to change that with a big push to build up its own capabilities. Bloomberg’s Jonathan Tirone and Will Wade join this episode to talk about what it will take for the US and its allies to free themselves from Russian uranium.