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Honeywell is temporarily to suspend uranium hexafluoride (UF6) production at its Metropolis, Illinois plant pending an improvement in business conditions, the company announced yesterday. The USA's only uranium conversion plant has been in a scheduled outage since October.
The company said its decision to suspend production was a result of "significant challenges" faced by the nuclear industry, including a situation with a current worldwide oversupply of UF6. In particular, it said, the decrease in demand from Japan and Germany following the Fukushima accident of 2011 has had a significant impact, and continues to create an oversupplied market for the uranium fuel cycle and a downward trend in uranium markets.