CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
The Diablo Canyon Power Plant is an electricity-generating nuclear power plant near Avila Beach, California. (Image via Wikimedia Commons)
Kazakhstan is now the United States’ top supplier of uranium for the country’s nuclear power plants, after overtaking Australia last year, figures published by the Energy Information Administration (EIA) reveal.
According to the EIA, 23% of the uranium acquired by the U.S. — 12 million pounds— was of Kazakh origin, while 20% came from Australia and 18% from Canada.
The country, which was the site of 456 devastating nuclear tests when part of the former Soviet Union, gave up its own nuclear arsenal in 2001. Yet Kazakhstan remains the world’s largest producer of the raw material, used for nuclear energy and nuclear weapons production.
“Average Kazakh uranium prices have been lower than other major supplying countries’ prices for the past two years,” the EIA noted. “Uranium from Kazakhstan was $44.47 per pound in 2014, compared with the overall weighted-average price of $46.65 per pound for the 41.3 million pounds of uranium purchased from producers outside Kazakhstan in 2014.”
The Central Asian country has more than tripled uranium output since 2007. In 2009, it overtook Canada as the world’s leading uranium producer, while Canadian output has remained constant and Australian totals dropped 42%.
The U.S. holds top place for global nuclear energy, producing about 30% of the world’s total, according to the World Nuclear Association. Last year, 100 reactors generated over 19% of the country’s electricity. The U.S. now has 99 reactors in operation and another five under construction.
4 Comments
rayban
Canada is more secure . USA has mines coming online . DNN in Canada sometime takeover or production . PENMF nearly in production in USA . Kazakh is a bad country for business with a noncentralized , fragmented government system and much corruption and …. LOL dark horse raider bandits at night ?
KhA
Free market. Kazakhstan sells for lower price and seems like US does not care who to buy from.
phillip valencia rivera
¿Quién suministra el combustible a Laguna Verde?
aussie miner
can anyone tell me why u.s dosent buy more uranium from australia since aussie are there closest allies?