Uranium market freezes as tariff threats rattle would-be buyers

The North American uranium market is grinding to a halt as U.S. nuclear-power companies spooked by U.S. President Donald Trump’s tariff threats slow purchases and delay new contracts.

U.S. utility purchases of the nuclear fuel dropped by half as the imposition of Trump’s 10 per cent levy on Canadian energy exports approaches, according the most-recent data from pricing firm TradeTech. Reactor operators who typically rely on term contracts are standing on the sidelines to see how the tariffs play out.

Few sectors are as at-risk as U.S. nuclear power, which relies on Canada for more than one-fourth of its uranium — more than any other source — and uncertainty about the scope and duration of levies set to kick in on April 2 is discouraging buyers of the reactor fuel. It’s also setting the stage for additional market dislocation when nuclear operators eventually begin to exhaust inventories.

The turmoil complicates decision making […]

Click here to view original web page at www.bnnbloomberg.ca

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.