Uranium Week: Russia Banned From August

The legal ban on Russian uranium imports into the US comes into force in August.

-US ban on uranium imports from Russia kicks in from August onwards
-Legal waivers trigger opposing interpretations
-Five transactions in spot market at slightly increased pricing

By Rudi Filapek-VandyckAnd after many months of market speculation and political processing, US President Joe Biden signed H.R.1042, the bill that bans the import of Russian uranium products into the USA, on May 13. The ban will go into effect on August 11th.Whoever thought the way forward for US utilities and the uranium sector at large has now become a lot clearer is still in the minority with industry consultant TradeTech reporting the week’s trading continued to be dominated by confusion and ongoing market speculation.The problem lays with the two legal waivers that can be granted by the US Department of Energy (DOE). Different interpretations kept the future […]

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