Suspension of Russian uranium supplies to US could impact global market

The recently announced plans of the US to refuse imports of Russian uranium and to accelerate domestic production could lead to turmoil in the global uranium market and lead to the change of balance of power in the new leading players and suppliers.

Recently a group of US senators from the Republican and Democratic parties introduced a bill to impose an embargo on Russian uranium. The US Senate Committee on Energy and Natural Resources believes that the country may refuse its further use while also having the resources to boost domestic uranium mining.

Most analysts, however, believe that possible restrictions may hit not only the US market itself, but also contribute to price increases for uranium fuel around the world that could result in the closure of nuclear power plants.

Analysts also believe that introduction of the ban will shock the US market, as the share of Russian uranium suppliers is significant, […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet