Russia has suspended supplies uranium from St. Petersburg to the United States due to lack of insurance coverage. The publication «Rosatom Country» writes about this in the Telegram channel.
«The export of nuclear fuel from the ports of St. Petersburg to the United States has been stopped due to lack of insurance coverage,» the publication said.
The stop in the export of Russian uranium was one of the reasons for the increase in world prices for this metal, notes Rosatom Country. The publication, citing Trading Economics, reported that on September 25, a pound of uranium rose in price to $70. It is noteworthy that such prices “have not been seen since 2011, after the accident at the Japanese nuclear power plant Fukushima-1.” The previous record figure was also reached in September of this year and amounted to $65.5 per pound.
To be confirmed , that Trading Economics associated the upward trend in prices with uncertainty regarding supplies. Canadian Cameco predicted a decrease in production in 2023, and French Orano stopped work after the coup in Niger.