US commerce dept. initiates investigation into uranium imports

US Secretary of Commerce Wilbur Ross announced Wednesday that he has launched an investigation “into whether the present quantity and circumstances of uranium ore and product imports into the United States threaten to impair national security”.

The Department of Commerce noted that the investigation “will canvass the entire uranium sector from the mining industry through enrichment, defense, and industrial consumption”.

Ross said in a statement “our production of uranium necessary for military and electric power has dropped from 49 percent of our consumption to five percent”.

He added that the Department of Commerce’s Bureau of Industry and Security “will conduct a thorough, fair, and transparent review to determine whether uranium imports threaten to impair national security”.

In January, two US uranium mining companies filed a petition requesting that the Commerce Department initiate an investigation into imports of uranium ore and products, where Ross “decided to accept the petition and initiate the investigation after careful review of the petition,” the Department of Commerce noted.

Source: Kuwait News Agency