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Nuclear industry urges Trump to resume uranium mining through an old law

UNITED STATES, WASHINGTON (OBSERVATORY) — The US energy industry has called on the administration of President Donald Trump to resume uranium mining and enrichment by earmarking funds through a Cold War-era program.

In a letter sent to the National Security Adviser to National Security Adviser John Bolton and White House economic adviser Larry Kudlow on August 18, the Trump administration approved the allocation of funds through the 1950 Defense Production Act to produce domestic fuel for defense needs and strengthen federal uranium reserves for plants.

In the letter, a copy of which was seen by Reuters, the IAEA urged the allocation of “direct funds (unspecified) to either a US facility or a local uranium producer to sell US-origin uranium to a power plant”.

“The strongest support the federal government can provide to the domestic mining, processing and enrichment industries is to meet the government’s general security needs with long-term contracts,” the letter said.

Some experts question the need for such measures, saying the United States has enough uranium stockpiles, including the Tennessee National Security Complex, Y-12, for submarines, aircraft carriers, weapons and energy for decades.

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