Uranium stocks gain after U.S. seeks to lower Russian imports
14/09/2020 20:56
** Shares of uranium miners rise after U.S. Commerce
Department inked draft agreement with Russia's state nuclear
energy firm to reduce imports of uranium from Russia
** Commerce Department and Rosatom initialed draft amendment
to 1992 Russian Suspension Agreement to prevent dumping,
extending deal to year 2040 urn:newsml:reuters.com:*:nL1N2GB1HZ
** Deal involves gradual reduction in amount of uranium U.S.
imports from Russia for enrichment to 15% from 20%, starting in
2028
** If finalized, it will contribute to restoration of
America's nuclear energy advantage and protect domestic industry
from dumped Russian uranium - Commerce Secretary Wilbur Ross
** Shares of uranium miners Ur-Energy Inc URG.A , Uranium
Energy Corp UEC.A and Energy Fuels Inc UUUU.A up between
3.8% and 7.8%
(Reporting by Shradha Singh in Bengaluru)
((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))