DOC Rules in Favor of USEC Position on Russian Uranium Imports; Department of Commerce Finds that Dumping Would Likely Recur.BETHESDA, Md. -- The U.S. Department of Commerce (DOC) issued a final ruling yesterday that unfair dumping of uranium products would likely occur again in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. if the existing Russian suspension agreement is terminated. The department analyzed the U.S. uranium market The uranium market, like all commodity markets, has a history of volatility, moving not only with the standard forces of supply and demand, but also to whims of geopolitics. It has also evolved particularities of its own in response to the unique nature and use of this material. as part of a "sunset review" conducted every five years of the Russian suspension agreement that limits imports of Russian uranium products into the United States. The Department of Commerce's ruling is in line with its preliminary ruling made March 24, 2006, that terminating the suspension agreement would result in a recurrence of dumping. USEC USEC Microsecond USEC United States Enrichment Corporation USEC United States East Coast USEC Unity Security Force (gaming) USEC Universal Services Echo Canceller USEC Umts Security USEC User Based Security Model believes that terminating the suspension agreement would undermine the Company's commitment to sell low-enriched uranium under the separate Megatons to Megawatts program The Megatons to Megawatts Program is the name given to the program that implemented the 1993 United States-Russia nonproliferation agreement to convert high-enriched uranium (HEU) taken from dismantled Russian nuclear weapons into low-enriched-uranium (LEU) for nuclear fuel. that has eliminated Russian weapons-grade material equivalent to more than 10,500 nuclear warheads. USEC sees the Department of Commerce's ruling as an important step toward maintaining stability in the marketplace for uranium and uranium enrichment. That stability is vital for new, more efficient domestic enrichment facilities to be financed and built. Russia will continue to enjoy a significant market share of the low-enriched uranium that fuels many of America's nuclear reactors through the Megatons to Megawatts non-proliferation program. To keep the suspension agreement in place, the U.S. International Trade Commission (ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → ) must also determine that terminating the agreement would lead to a recurrence of material injury to the U.S. uranium industry. The ITC recently heard testimony from interested parties, including USEC, and is expected to issue its ruling in July. A copy of the Department of Commerce's ruling is expected to be published in the Federal Register next week and may be obtained at that time from the department's website: http://ia.ita.doc.gov/frn USEC Inc. (NYSE NYSE See: New York Stock Exchange :USU USU Usually USU Utah State University (Logan, UT) USU Uniformed Services University USU Ural State University (Ekatherinburg, Russia) USU Universidade Santa Úrsula ), a global energy company, is a leading provider of enriched uranium fuel for commercial nuclear power plants. |
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