Uranium Stockpiles in Utah

IncSmart Utah (Small Business and Startups) - Uranium stockpiles are planned for Utah.  The Utah uranium industry is being given a new chance to compete with foreign cheap imports.  The Trump budget includes a $1.5 billion dollar grant to help the industry.  Uranium Oxide or Yellowcake, has seen a drop in production in the year 2018.  The Yellowcake is used to make nuclear fuel rods.  The production is at a 70 year low at the same time over 90 nuclear reactors in the US is buying its current yellowcake from Russia.  Russia is dumping yellowcake on the global market dropping the price of Uranium.  Russia yellowcake production undermines America's national security.  

The funds for a new uranium reserve will be allocated for the next 10 years at a $150 million a  year.  The stockpile will prevent any problems with market disruption where America would depend on foreign uranium.  This stockpile can be used for the nuclear industry power plants and the Navy's fleet of nuclear powered ships and submarines.  Power plants supply 20% of US electricity.  Domestic production will also increase jobs in Utah, Colorado and Wyoming.