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The market impacts of US uranium import quotas

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  • Considine, Timothy J.

Abstract

This study estimates the impacts of import quotas on US uranium mining and nuclear power generation. Under an import quota that ensures a 25 percent market share for domestic US uranium mining (“25 percent quota”), prices for domestic uranium rise 140 percent. The small share of domestic production, however, limits the increase in average prices paid by civilian nuclear plant owners and operators to 21 percent over the period from 2018 to 2022. As a result, nuclear energy sales decline from $106 million to $369 million per year, corresponding with 0.4 and 1.2 percent of the value of nuclear sales respectively. During the first five years, domestic uranium mining revenues increase $4.4 billion while nuclear energy sales decline $1.2 billion. Finally, our analysis of uranium inventory management behavior suggests that if uranium import quotas were adopted, they should remain in place for a minimum of a decade.

Suggested Citation

  • Considine, Timothy J., 2019. "The market impacts of US uranium import quotas," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
    • Handle: RePEc:eee:jrpoli:v:63:y:2019:i:c:15
    DOI: 10.1016/j.resourpol.2019.101445
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    References listed on IDEAS

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    1. Trieu, Luan Ho & Savage, Eric & Dwyer, Gavan, 1994. "A model of the world uranium market," Energy Policy, Elsevier, vol. 22(4), pages 317-329, April.
    2. Aris Auzans & Erich A. Schneider & Robert Flanagan & Alan H. Tkaczyk, 2014. "A Mine-Based Uranium Market Clearing Model," Energies, MDPI, vol. 7(11), pages 1-21, November.
    3. Kahouli, Sondès, 2011. "Re-examining uranium supply and demand: New insights," Energy Policy, Elsevier, vol. 39(1), pages 358-376, January.
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    2. Marian Sofranko & Samer Khouri & Olga Vegsoova & Peter Kacmary & Tawfik Mudarri & Martin Koncek & Maxim Tyulenev & Zuzana Simkova, 2020. "Possibilities of Uranium Deposit Kuriskova Mining and Its Influence on the Energy Potential of Slovakia from Own Resources," Energies, MDPI, vol. 13(16), pages 1-21, August.
    3. Islam, Md. Monirul & Shahbaz, Muhammad & Samargandi, Nahla, 2024. "The nexus between Russian uranium exports and US nuclear-energy consumption: Do the spillover effects of geopolitical risks matter?," Energy, Elsevier, vol. 293(C).
    4. Arnaut, Javier L., 2022. "The importance of uranium prices and structural shocks: Some implications for Greenland," Energy Policy, Elsevier, vol. 161(C).
    5. Dennis A. Mwalongo & Nils H. Haneklaus & Jacob B. Lisuma & Nelson Mpumi & Aloyce I. Amasi & Jerome M. Mwimanzi & Furaha M. Chuma & Thomas T. Kivevele & Kelvin M. Mtei, 2024. "Uranium Dissemination with Phosphate Fertilizers Globally: A Systematic Review with Focus on East Africa," Sustainability, MDPI, vol. 16(4), pages 1-21, February.

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    Keywords

    Uranium; Imports; Quotas; Inventories;
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