四月份咱们宣布管制七类中重稀土，全球产业链都震了一下，没想到五月浓缩铀出口也大幅缩减。数据摆在眼前：卖给美国的浓缩铀从去年同期的33.8万吨 猛降到12.4万公斤，跌了六成多；交易额也从接近1.2亿美元缩水到只剩37%。 反应堆对燃料纯度要求极高，不是随便找替代就能解决的。美国军工也难受，核潜艇、航母用的高纯度铀燃料也跟着受影响。五角大楼内部报告显示，超千 种军事装备依赖中国稀土和铀材料。虽然美国能源部紧急拨了27亿美元打算建新厂，但有专家预估，从立项到投产至少要三年。 这边美国还在纠结标准跟生产线，中国"国铀一号"项目七月已在内蒙古投产，年产量上千吨，用地浸技术实现绿色高效生产。我国核电装机容量还在持续增 长，在建机组19台，规模超过2100万千瓦。一边是自家供给稳健上升，一边是对外供应收紧，全球能源博弈的棋局正在悄然改变。 浓缩铀是核电站的"口粮"，但天然铀要经过提纯才能用。目前全球能大规模生产的国家没几个，美国自己的铀浓缩厂早就荒废，欧洲产能也跟不上，只有中 国近年产能持续爬升。美国核电有两成多电力靠核能，其中近三分之一浓缩铀靠中国供应。现在俄罗斯那边断了货，中国再一减量，美国核电站燃料供应立 马吃紧。 ...

美国正在加快建设战略铀储备，主要目的是减少对俄罗斯浓缩铀的依赖。当前，俄罗斯依然是美国最大 的浓缩铀供应国，每年提供约25%到30%的浓缩铀，这些铀为美国近一半的核电站提供燃料支持。 为了改变这一局面，美国正在制定一项行动计划，旨在恢复并增强国内的浓缩铀生产能力。除了支持国 内生产，美国还在与日本、加拿大、法国和英国等国家共同合作，组成所谓的"札幌五国"机制，推动各 国集中力量增加浓缩铀产量。加拿大计划扩大萨斯喀彻温省的铀矿开采，法国则计划升级特里卡斯坦核 电站的铀加工设备，力争在未来两年半内完全替代俄罗斯的浓缩铀供应。 此外，赖特部长还宣布，美国将启动多个新的浓缩铀生产项目，首批项目预计在2026年投产，初期年产 能将达到300吨分离功单位，为打破对俄罗斯的依赖并确保核燃料供应的稳定提供实际支持。 然而，短期内彻底切断对俄罗斯浓缩铀的依赖依然面临显著风险。如果俄罗斯的浓缩铀供应突然中断， 美国的电力系统可能会受到直接影响，约5%的电力生产将面临威胁。核电是美国最主要的低碳能源， 占总发电量的20%。一旦核燃料供应中断，不仅工业生产和民生用电将受到影响，还可能拖慢美国2030 年碳减排目标的实现。 因此，在推 ...

Core Viewpoint - The article emphasizes that Trump's industrial policies, once dismissed as mere rhetoric, have proven effective in reshaping the U.S. industrial landscape, creating significant investment opportunities in various sectors [2][10]. Group 1: Manufacturing and Defense - Trump's pressure on companies like Carrier and Intel to bring manufacturing back to the U.S. was initially ridiculed, but it has led to substantial investments and job creation in the semiconductor industry, with Intel's Arizona factory ramping up production [3][4]. - Boeing has secured hundreds of billions in contracts, demonstrating the effectiveness of Trump's defense policies and the importance of domestic manufacturing [4]. - The U.S. steel industry has benefited from tariffs on imported steel, with domestic steel prices rising and companies like U.S. Steel expanding operations, creating thousands of jobs [4][10]. Group 2: Strategic Resource Independence - The article highlights the rise of MP Materials as a key player in the rare earths sector, supported by government investments and contracts, showcasing the shift towards resource independence [5][6]. - The nuclear energy sector has seen significant growth, with companies like Centrus Energy and NuScale receiving government support, leading to stock price increases and project advancements [6][7]. - Palantir has experienced a dramatic increase in market value, reflecting its central role in the government's AI-driven national security strategy [7][10]. Group 3: Energy and Infrastructure - Trump's policies aimed at traditional energy have led to increased domestic oil production, with companies like ExxonMobil and Pioneer Natural Resources benefiting from regulatory rollbacks and increased market share [8][9]. - The infrastructure sector has seen a positive impact from Trump's $1 trillion infrastructure plan, with companies like Lowe's and Commercial Metals reporting significant revenue growth due to increased demand for construction materials [9][10]. Group 4: Key Beneficiary Companies - Palantir is identified as a core beneficiary of the AI-driven national security strategy, with strong government ties and significant budget allocations [13]. - MP Materials, Lightbridge, and Centrus Energy are highlighted as key players in the critical minerals and nuclear sectors, benefiting from government support and policy initiatives [14][15][16]. - U.S. Steel and Nucor Steel are recognized for their direct benefits from trade protection policies and increased domestic demand for steel [19][21].

【尽管美国高调声称制裁，但仍继续从俄罗斯大量购买浓缩铀。根据俄罗斯国家原子能公司、美国核管理委员会（NRC）和联合国商品贸易统计数据库 的数据，2025年美国四分之一的核电站正是靠俄罗斯燃料运营。】 今年前五个月，核电站占美国能源结构的18.2%，而俄罗斯铀的采购量在新限制措施出台前达到了创纪录的700多吨。 588.4 500 467 400 334.9 300 200 100 对俄新制裁前创纪录的购买量 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 数据来源：俄罗斯国家原子能集团、美国核管理委员会、美国能源信息 SPUTNIK 署、联合国商品贸易统计数据库 ...

Group 1 - The U.S. government issued a ban on the use of Russian enriched uranium by 2028, revealing a significant dependency on Russian supplies, with about 25% of U.S. nuclear fuel sourced from Russia [1] - Russia holds a dominant position in the global uranium enrichment market, controlling 80%-90% of the market share, and 22 out of 25 nuclear power plants under construction worldwide utilize Russian technology [1] - The U.S. faces a potential 5% power supply disruption if the ban is enforced, as establishing alternative supply chains would require billions of dollars in investment [1][3] Group 2 - The U.S. has only two commercial uranium enrichment facilities, with one meeting only 15% of domestic demand, highlighting the challenges in increasing domestic production [1][3] - The U.S. strategic uranium reserve, initiated in 2020, is projected to last only 14 months, compared to the EU's 2.5 years and China's 12 years [3] - Efforts to collaborate with allies like Canada and Australia to restructure the supply chain face local resistance and resource shortages [5] Group 3 - China has made significant advancements in uranium resources, with a major discovery in the Tarim Basin expected to increase self-sufficiency from 30% to 70% within three years [7] - Russia employs a strategy of bundling technology and resources, exporting nuclear power plants with fuel supply agreements, which enhances its competitive edge [8] - The energy landscape is shifting towards multipolarity, with China's resource breakthroughs and the U.S.-Russia technological rivalry indicating a departure from energy hegemony [8]

美国这回可把自己坑惨了！ 嘴上喊着制裁俄罗斯，结果一扭头发现：自家核电站还得靠人家供电？ 紧接着，能源部长一句大实话，彻底暴露了美国的尴尬困局…… 最近国际能源市场上出现了一件有趣的事！ 美国一边对俄罗斯下禁令，一边却不得不承认暂时还真绕不开俄罗斯！ 这话可是美国能源部长亲口说的。 美国能源部长最近只好坦白："我们正在努力重建核燃料供应链……正朝着不再用俄罗斯铀的方向走，但现在还做不到。" 说白了就是：理想很丰满，现实很骨感。 有一个大背景不能忽略：未来几年，铀需求只会涨、不会跌。 可为什么全世界都要抢着要铀？ 众所周知，俄乌冲突后西方对俄罗斯实施了各种制裁，但很多人可能不知道，在核能领域，这些制裁居然碰了个软钉子！ 俄罗斯国家原子能公司的高管科马罗夫最近直接放话："我们在铀浓缩领域还是世界老大，西方想动摇我们的地位？没那么容易！" 这话说得挺狂，但人家确实有狂的资本。 至于核能领域，俄罗斯有多强？ 数据不会骗人。 目前全球在建的核电机组总共25台，其中22台用的是俄罗斯的技术！ 也就是说，几乎九成的新核电站都离不开俄罗斯。 科马罗夫还特意强调："几乎没有其他经济领域像我们这样占全球85%到90%的份额。" ...

中新社北京9月24日电 综合消息：伊朗最高领袖哈梅内伊当地时间23日晚发表电视讲话称，伊朗不会在 铀浓缩问题上屈服于压力，在当前形势下与美国谈判无益于伊朗国家利益。 哈梅内伊称与美国谈判无益于伊朗国家利益 据伊朗伊斯兰共和国通讯社消息，哈梅内伊说，美方已经从自己的角度预设了谈判结果，并自行宣布希 望谈判能够导致伊朗停止核活动和铀浓缩活动，"参加这样的谈判是接受对方命令、强加于人的要求和 欺凌的表现"。他表示，与美国谈判"反而可能造成重大、有时是不可挽回的损失"。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 美国和伊朗自今年4月以来举行五轮由斡旋方阿曼居中传话的间接谈判，双方在铀浓缩等核心议题上分 歧巨大。因以色列突袭伊朗，原定于6月15日举行的第六轮间接谈判取消。为施压伊朗与美国恢复谈 判，英国、法国、德国8月28日通知联合国安理会，以伊朗违反伊核协议为由，启动"快速恢复制裁"机 制。9月19日，安理会未能通过旨在继续解除对伊朗制裁的决议草案。(完) 来源：中国新闻网 编辑：万可义 广告 ...

新华社德黑兰9月23日电（记者陈霄 沙达提）伊朗最高领袖哈梅内伊23日晚发表电视讲话说，"伊朗没 有核武器"，在当前形势下，与美国谈判无益于伊朗国家利益。 哈梅内伊说，当前形势下，与美国谈判"反而可能造成重大、有时是不可挽回的损失"。美方先前在谈判 中提出过分的要求，并自行宣布希望谈判能够导致伊朗停止核活动和铀浓缩活动，实际上是预设谈判结 果。这不是谈判，而是"强加于人的命令"。 哈梅内伊提到，美方官员近日还要求伊朗放弃短、中、远程导弹，意图剥夺伊朗在遭到袭击后打击中东 地区美军基地的能力。他还提到，美国2018年违背解除对伊朗制裁的承诺，单方面退出2015年达成的伊 朗核问题全面协议。 美国和伊朗自今年4月以来举行五轮由斡旋方阿曼居中传话的间接谈判，双方在铀浓缩等核心议题上分 歧巨大。第六轮谈判原定于6月15日举行，因以色列突袭伊朗而取消。以伊12天冲突期间，美国轰炸伊 朗核设施，作为回击，伊朗用导弹打击美军驻卡塔尔乌代德空军基地。为施压伊朗与美国恢复谈判，英 国、法国、德国8月28日通知联合国安理会，以伊朗违反伊核协议为由，启动"快速恢复制裁"机制。9月 19日，安理会未能通过旨在继续解除对伊朗制裁的决议 ...

Group 1 - The U.S. is currently unable to completely cut off its reliance on Russian enriched uranium, despite efforts to reduce this dependency, indicating a significant challenge in achieving energy independence [1][3] - Russia controls 40% of the global uranium enrichment capacity, and nearly a quarter of the enriched uranium needed for the 94 operating nuclear power plants in the U.S. is imported from Russia, which provides about 20% of the country's electricity [3][5] - A sudden halt in imports from Russia could lead to an immediate loss of approximately 5% of the U.S. electricity supply, highlighting the careful consideration of national energy security behind the continued trade [3][5] Group 2 - The U.S. government predicts a significant increase in uranium demand due to the extension of existing large nuclear power plants and the promotion of new small modular reactors, with global uranium demand expected to grow by about 30% by 2030 [3][5] - Current uranium production is projected to decrease by half between 2030 and 2040, exacerbating supply-demand imbalances in the market [3][5] - The U.S. is taking measures to reduce reliance on Russia by accelerating domestic uranium mining and enrichment capacity, including the establishment of new domestic refining facilities and increasing production capacity at a joint venture in New Mexico [5] Group 3 - The uranium enrichment industry faces high technical barriers, significant investment requirements, and long approval cycles, making it challenging for the U.S. to achieve energy independence quickly [5] - The global situation reflects similar challenges, as Kazakhstan, the largest uranium producer, lacks the enrichment capacity of Russia, contributing to uncertainties in energy supply [5] - The U.S. transition efforts will not only impact its own energy security but will also significantly influence the future distribution of global uranium resources [5]

Group 1 - The World Nuclear Association (WNA) reports a projected uranium demand increase of nearly one-third by 2030, reaching approximately 86,000 tons, and further increasing to 150,000 tons by 2040 [2] - Existing uranium mine production is expected to halve between 2030 and 2040, creating a "huge gap" between uranium demand and supply for nuclear reactors [2][3] - The revival of nuclear energy is driven by the urgent need for reliable power due to the global AI boom, bringing uranium back into public focus [1][2] Group 2 - The uranium market is currently valued between €7 billion and €10 billion, growing steadily at a rate of 1% to 2% annually [3] - Companies are seeking to increase domestic uranium supply in the U.S., with UEC announcing plans for a new subsidiary to develop uranium refining and conversion facilities [3] - Urenco plans to enhance low-enriched uranium (LEU) production capacity by 1.8 million SWU across four plants in the U.S., Netherlands, Germany, and the UK [3] Group 3 - Geopolitical tensions are impacting the uranium market, with Kazakhstan leading global uranium production at 40% and Russia controlling about 40% of uranium enrichment capacity [2] - Caution is advised regarding the involvement of tech companies in the nuclear energy market, as the industry requires careful processes that cannot accommodate rapid technological changes [4][5] - The nuclear industry is characterized by long cycles, and while small modular reactors (SMRs) and advanced modular reactors (AMRs) are expected to play a role, they will require time to develop [5]