Uranium miners up on Russia's temporary export restriction on enriched uranium to US

Nexgen Energy

15/11/2024 15:53

** Shares of uranium miners jump after Russia says it has
imposed restriction on the export of enriched uranium to the
U.S. after Washington imposed a ban on imports of Russian
uranium
    ** Russia is the world's top supplier of enriched uranium
and about 24% of the enriched uranium used by U.S. nuclear power
plants comes from the country
    ** In 2023 Russian-origin material accounted for 12% of
total deliveries to U.S. as per data from the Energy Information
Administration
    ** Shares of Uranium Energy  UEC.A  up 9.4%, Energy Fuels
 UUUU.A  rise 4.8% and Ur-Energy  URG.A  up 6.9%
    ** Canadian miners NexGen Energy  NXE.TO  up 4.3%, Cameco
 CCO.TO  rise 6.4% and Denison Mines  DML.TO  up 5.9%

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))