US-based uranium market participants are anxiously awaiting a decision from President Donald Trump on whether to take protectionist action on imports of the element that fuels nuclear reactors.
Trump is weighing a decision on a January 2018 petition by US uranium producers Energy Fuels and Ur-Energy that asked him to require US nuclear plant operators to purchase 25% of their uranium annually from domestic producers, citing national security concerns of relying on uranium imported from the CIS nations. The decision is due July 15, although market sources have speculated the administration’s action may be delayed.
