U.S. suppliers warn of enriched uranium shortage

Glonghui, February 23｜According to the Financial Times, one of the largest suppliers of enriched uranium fuel in the United States has issued a warning that, due to rapidly increasing demand and a ban on Russian imports, a supply shortage is imminent. Centrus Energy CEO Amir Vexler stated that the company is accelerating the expansion of enriched uranium production capacity at its Ohio plant to meet a $2.3 billion backlog of enriched uranium orders. However, he noted that the restart of several U.S. nuclear power plants and reactor upgrades to increase power output will put pressure on the few Western suppliers of enriched uranium. “I think the market is currently very tight, and this tension will continue until a significant amount of new capacity comes online, which will likely take another decade.”