Canadian uranium and the US market
Canada and the US are each others` largest trading partners. Across the longest undefended border in the world, each nation has invested over thirty billion dollars in its neighbor`s economy. Trade in the energy sector is a major part of this relationship. For the last several years, Canada has produced far more uranium than any other region in the world. Since free trade in uranium has been in effect in the USA, Canada`s role as a supplier to the USA has increased substantially, and the USA currently imports more uranium from Canada than from any other nation. But in recent years, renewed attempts to protect the US uranium production sector have threatened to restrict or eliminate Canadian uranium sales to the USA, representing a threat to as much as one-third of Canada`s uranium export market. These events have resulted in confusion among US utilities as to procurement decisions, and, depending upon the outcome of these political factors, could have a serious impact on sales and the price of Canadian-origin uranium over the next decade.
- OSTI ID:
- 104853
- Journal Information:
- NUEXCO. Monthly Report to the Nuclear Industry, Journal Name: NUEXCO. Monthly Report to the Nuclear Industry Journal Issue: 242; ISSN 0742-4582; ISSN NUEXD3
- Country of Publication:
- United States
- Language:
- English
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