Russia stopped uranium exports to the United States

Uranium exports from St. Petersburg to the United States were stopped due to lack of insurance coverage. About it reported in the Telegram channel “Country Rosatom“

“A country Rosatom“With reference to Trading Economics, it clarifies that on September 25, the cost of a pound of uranium rose to $70. Such prices have not been seen since 2011, after the accident at the Japanese Fukushima-1 nuclear power plant.

In addition to the suspension of exports from Russia, among the reasons for the increase in the cost of uranium, a reduction in production by the Canadian company Cameco is indicated. The French Orano also postponed work after the coup in Niger.

Later “Country” Rosatom” deleted the message, and Rosatom itself reported that the information about the suspension of uranium exports from Russia was not true.

The uranium market declined for 10 years after the accident at the Fukushima Daiichi nuclear power plant in Japan in 2011. The disaster led to the closure of dozens of nuclear reactors around the world. Nuclear energy commodity prices collapsed, and mining companies cut back on uranium production. In recent years, the cost of natural uranium has begun to rise – in three years it has more than doubled in price.