U.s. President Trump's Tariffs to Drive up Uranium Price as Utilities Shop Around
The Trump administration's 10% tariff on Canadian uranium is expected to drive up prices, with top executive Grant Isaac warning that it will make utilities shop for millions of pounds of nuclear fuel needed to keep their reactors running. The tariff will lead to a structural increase in uranium prices, as non-tariffed countries raise their prices in response. This move reflects the ongoing challenges in meeting nuclear energy demands due to supply constraints and rising global commitments.
- The increasing reliance on international supplies may expose U.S. utilities to significant price volatility, potentially undermining their ability to maintain stable operations.
- How will the shift towards alternative uranium sources impact the long-term viability of American nuclear power plants?