The world's largest uranium miner is seeking to expand its exports to the United States. This move comes in response to a renewed interest in nuclear energy and efforts by the US government to strengthen its capacity for clean and secure energy.
The country's energy ministry mentioned that cooperation in the energy sector was discussed in a meeting with US Senator Steve Daines on Tuesday. The nation already has contracts to supply uranium products until 2032 with firms including Southern Co., Constellation Energy Corp., and Duke Energy Corp., he said.
The increase in uranium demand, driven by the need to reduce carbon emissions and diversify the energy mix, has led the miner to explore new opportunities in the US market. This initiative would not only benefit the mining company but could also contribute to the supply of uranium for nuclear plants in the United States, thereby enhancing the country's energy security.
Furthermore, the US is seeking to ban imports of Russian enriched uranium—the type used to power nuclear reactors and weapons—increasing the attractiveness of potential alternative suppliers.
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