Home News Slovakia is not the only one. Not even the USA can cut themselves off from Russian uranium, they are still paying billions to the Kremlin

Slovakia is not the only one. Not even the USA can cut themselves off from Russian uranium, they are still paying billions to the Kremlin

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Slovakia is not the only one.  Not even the USA can cut themselves off from Russian uranium, they are still paying billions to the Kremlin

14 years ago, the east of Slovakia was on its feet. The Canadian firm Tournigan Energy claimed that the region contained one of the largest uranium deposits in the world. But potential mining ran into public opposition and plans for a new mine were shelved. Uranium is a key commodity that is in high demand.

The raw material is one of the main components for the production of nuclear fuel. Although the mined ore does not have the necessary parameters for fuel, it will reach the desired levels by subsequent enrichment and increase of isotopes. At the same time, uranium is traded on world markets, and this year its price reached a 17-year high.

There are not many countries that mine it, much less countries also enrich it, that is, set its parameters to atomic fuel. Uranus therefore becomes a perfect example of why Slovakia, Europe and even the USA cannot completely cut themselves off from the Russian nuclear segment.

What drives up uranium ore prices

Currently, the price of uranium is moving…

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