Friday 06/June/2025 – 08:38 PM
The CEO of the only uranium enrichment company listed on the world said to CNBC that President Donald Trump’s efforts to increase nuclear energy in the United States significantly will require a huge amount of fuel, but the country still relies heavily on state -owned companies to obtain their supplies.
He explained that the Western enrichment is barely sufficient, if any, to meet the needs of the current operating power plants, according to Centrus Energy.
The CEO, Amir Fixer, added in an interview: If the nuclear industry wants to increase all this productive ability, he will have to add a huge amount of fertilization capacity.
Double nuclear energy four times by 2050
Earlier, Trump released a series of executive orders on nuclear energy last month, in which it set a target for the United States to double the sector’s capacity four times to 400 GW by 2050, as nuclear energy is one of the few issues in Washington, which is witnessing a sharp attraction these days, which is supported by two parties.
Trump is expanding in the framework of the goal of former President Joe Biden to double nuclear energy three times by the middle of the century.
According to US Energy Information Management data, the United States relied on foreign countries to provide about 70% of its reactor fuel by 2023.
That year, the United States imported about 27% of fuel from Russia, one of its most prominent geopolitical opponents, but Russian uranium will be forced to get out of the American supply chain by 2028 at the latest, after Biden signed the former president in 2024 to ban imports due to Moscow’s comprehensive invasion of Ukraine, and the United States faces an imminent gap in nuclear fuel supplies due to the loss of Russian uranium.
Fixer stated that European fertilizers are reliable partners, and they have done a good work in supporting the market, adding in a phone call with Centrus about the profits of the first quarter that commercial tensions are threatening to disrupt global supply chains.
Referring to the US -owned companies, the CEO of uranium enrichment said: We have no local ability to produce fuel, almost at all, so we do not extract anything, and we do not transform anything, and we depend on others.
