Nuclear Fuels: Exports

(asked on 29th November 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of whether the UK is a net exporter of enriched uranium; and what discussions they have had with the industry regarding growing external markets.


Answered by
Lord Offord of Garvel Portrait
Lord Offord of Garvel
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 6th December 2023

Urenco currently supplies around 30% of the global market with uranium enrichment services, a number which could rise in the coming years. Whether the UK is a net exporter at any given moment is subject to commercial agreements however the UK has the capability to supply a significant proportion of the global market.

HMG works closely with Urenco to explore opportunities globally and maintain their existing international contracts. HMG also works with Urenco to support investment into their UK facilities.

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