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U.S. uranium producers seek Trump help on imports

Published 01/17/2018, 07:02 PM
© Reuters.  U.S. uranium producers seek Trump help on imports
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  • Uranium producers Energy Fuels (NYSEMKT:UUUU) and Ur-Energy (NYSEMKT:URG) ask the U.S. Department of Commerce to investigate uranium imports they say threaten national security.
  • The companies say uranium from state-run companies in Kazakhstan, Russia and Uzbekistan fill nearly 40% of U.S. demand while domestic production meets less than 5%, and propose a quota under which U.S. uranium would supply 25% of the domestic market and require U.S. government operations to buy uranium produced in the U.S.
  • The petition seeks relief under Section 232 of the Trade Expansion Act of 1962, the same vehicle the steel industry is using to seek protection against imports.
  • ETFs: URA, NLR
  • Now read: URA: Production Cuts Boost The Uranium ETF


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