Securing the nuclear future – How enhancing Canadian enrichment capacity can help break Russia’s grip on the global uranium supply chain: Juzel Lloyd – MLI

February 6, 2025

Canada’s enrichment potential is not only a crucial asset for its allies but also a strategic move for ensuring the security and resilience of its own nuclear power fleet.

The global enrichment supply chain is undergoing a reckoning that will ripple through the nuclear industry for decades to come. Russia’s invasion of Ukraine sent shockwaves through global energy markets, forcing nations to turn away from its enriched uranium – a vital ingredient that powers the reactors electrifying much of global society. Enrichment is the process of increasing the concentration of uranium-235 needed to sustain the chain of nuclear reactions that produce the energy in a nuclear power plant. It is central to creating fuel for reactors and is a cornerstone for the nuclear fuel cycle. Russia’s dominance in global enrichment services make the transition particularly challenging, as countries scramble to find alternative vendors while expanding their domestic capacities.

Read More: https://macdonaldlaurier.ca/securing-the-nuclear-future-how-enhancing-canadian-enrichment-capacity-can-help-break-russias-grip-on-the-global-uranium-supply-chain-juzel-lloyd/