Iran Uranium Transfer Report Puts Nuclear Fuel Market Back in Focus
Tech Iran Uranium Transfer Report Puts Nuclear Fuel Market Back in Focus Irans uranium has been back in the spotlight after reports that it could be selling highly enriched uranium to China as part of a possible deal with the United States. The claim coincided with the ongoing increase in nuclear fuel prices, which further complicated the already tight uranium market. Meanwhile, traders of uranium said long-term U3O8 prices were near $93 per pound, the highest since April 2008. Now, the market is confronted with two different but related factors: nuclear diplomacy in the Middle East and the growing demand for a safe uranium supply. Iran Report Focuses on Nuclear Issue Iran is prepared to export highly enriched uranium to another country, preferably China, reports said. The proposed plan would be contingent on assurances from Beijing before Tehran takes any further steps with Washington. The claim came after pressure from President Donald Trump, who stated that Irans enriched uranium should be handed over to the United States for destruction or destroyed under international supervision. Other reports indicated that U.S. officials have considered several options for Irans enriched uranium, such as moving it to another country before it is eventually placed under U.S. control or letting Iran dilute and