Gate News message, April 18 — The United States is considering higher uranium imports from Namibia to fuel nuclear plants that could support AI data centers, according to U.S. Ambassador John Giordano. The U.S. government may also back new mining output through American companies and government financing.
In 2024, the U.S. imported 633 metric tons of uranium from Namibia, while China imported 8,413 tons, according to World Integrated Trade Solution data. Namibia ranks as the world’s third-largest uranium producer after Kazakhstan and Canada, according to the World Nuclear Association.
China’s state-owned firms dominate Namibia’s uranium sector, operating the country’s two largest operating mines. Swakop Uranium’s Husab mine is majority Chinese-owned, while the Rössing mine is 68.6% controlled by China National Uranium Corporation Limited (CNUC), a Chinese state-backed entity.
AI-driven power demand and growing interest in nuclear energy have pushed uranium prices to two-year highs, reviving dormant mining projects. French nuclear company Orano is reconsidering the Trekkopje mine, idle for over a decade. However, Namibia’s arid climate poses constraints: uranium mines in the Erongo region consume approximately 53 million cubic meters of water annually, approaching the national supply of roughly 67 million cubic meters, potentially increasing reliance on desalination.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ukraine Reports Strikes on Four Russian Oil Facilities in Samara, Leningrad, and Krasnodar Regions
On April 18, Ukraine's Armed Forces targeted four significant Russian oil facilities, including refineries and a transshipment terminal, aimed at disrupting fuel supplies to Russian forces. The damage assessment is ongoing, with no response from Russia yet.
GateNews2h ago
The Strait of Hormuz closes again: Iran says the U.S. has not fulfilled its obligations, Trump says “there’s good news,” and as the ceasefire period ends without an extension, there are fears of renewed bombings
The Strait of Hormuz was closed again because the U.S. side failed to fulfill its obligations under the agreement, and Iran needs to re-approve the passage of vessels. Trump said the negotiations are going well, but the issue of handling nuclear material remains the main point of disagreement. With the ceasefire deadline approaching, he hinted that it may not be extended, raising fears of a renewed attack. The situation is tense, and it could have far-reaching effects on the energy market.
ChainNewsAbmedia2h ago
U.S. Energy Department to Release Third Batch of Strategic Petroleum Reserve, Loaning Over 26M Barrels to Nine Oil Companies
The U.S. Department of Energy will loan over 26 million barrels of crude oil to nine companies, marking the third release of strategic reserves since the U.S.-Israel-Iran conflict began, aimed at moderating oil prices. Delivery is set for May and June 2026.
GateNews7h ago
Trump Rules Out Tolls on Strait of Hormuz
President Trump announced that U.S. negotiations about a potential conflict with Iran will persist over the weekend. He firmly denied any possibility of Iran imposing tolls on vessels in the Strait of Hormuz.
GateNews9h ago
U.S. Stock Indices Post Strong Gains, Nasdaq Extends 13-Day Rally; Oil Prices Plunge on Strait of Hormuz Reopening
Gate News message, April 18 — U.S. stock indices closed sharply higher on April 17, with the S&P 500 rising 1.2% to 7,126.06, the Nasdaq Composite gaining 1.52% to 24,468.48, and the Dow Jones Industrial Average climbing 1.79% to 49,447.43. The Nasdaq extended its winning streak to 13 consecutive tr
GateNews10h ago
Three Airlines Collapse as Jet Fuel Crisis Triggers Thousands of Flight Cancellations
In 2026, the aviation industry faces a crisis as three airlines, EcoJet UK, Royal Air Philippines, and Dove Airlines, entered administration or liquidation due to soaring jet fuel prices linked to geopolitical tensions. This has led to thousands of flight cancellations and increased operational costs for remaining carriers.
GateNews18h ago
