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.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
OBSERVATORY NEWS — Breaking news source, real-time coverage of the world’s events, life, politics, business, finance, economy, markets, war and conflict zones.
Contact us: [email protected]
Stay connected with News Observatory and Observatory Newsroom, also with our online services and never lost the breaking news stories happening around the world.
We are NEWS OBSERVATORY — the only funding and support we get from people – we are categorically not funded by any political party, any government somewhere or from any grouping that supports certain interests – the only support that makes OBSERVATORY possible came from you.