US Nuclear Reactor Business At Risk Due To Tariffs
Because of tariffs, the US may lose access to uranium deposits. Canada has 25% of the world’s deposits. Utilities and makers of the small modular reactors face hurdles to their futures.
According to Bloomberg, the problem is not short-term but could come into play in 2026. Without assurances of Canada-sourced material, the industry can’t make precise plans. It is unclear what tariffs will be put on deposits, but they will likely be the same as those on oil and gas.
Trade Disputes
The disputes come at a difficult time as US energy companies try to ramp up production due to demand from Bitcoin mining, AI server farms, and the growing use of air conditioning. The air conditioning needs are due to global warming.
Utilities are attempting to continue to drop coal use because of its environmental effects. Solar and wind energy facilities have grown but are not yet abundant enough to provide for all rising electricity use.
The important challenge also increases the likelihood that non-traditional needs will result in higher rates and supply shortages for residences and businesses.
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