The US and Russia finalise uranium supply agreement
The US Department of Commerce and the Russian state-owned nuclear company Rosatom have signed a final amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation, which was originally signed in 1992. The new agreement extends the Agreement to 2040 and reduces US reliance on uranium from Russia. The share of Russian uranium imports, which is currently limited to 20% of US enrichment demand, will decrease to 17% over the next 20 years and will be no higher than 15% as of 2028.
In addition, the amendment limits the share of natural uranium concentrates and conversion components of the low-enriched uranium from Russia to 7% of the US enrichment demand, and to a maximum of 5% starting in 2026, in a bid to protect US uranium miners and the US uranium converter. The new agreement lets US companies that have existing uranium purchase contracts with Russia keep them.
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