Quota Threats Have Yet to Prove a Deterrent To Uranium Shipments — Panjiva


Quota Threats Have Yet to Prove a Deterrent To Uranium Shipments

Canada 338 China 1761 Materials - Metals/Mining 483 Russia 69 Tariffs 1172 U.S. 3306

A U.S. national security trade case relating to uranium products may be close to reaching a conclusion. The investigation, launched at the request of Ur-Energy and Energy Fuel Resources a year ago, could result in a quota being set that requires 25% of domestic purchasing to come from domestic mines. So far the review has not had an impact on imports – indeed they likely increased by 11.4% year over year in 4Q. The biggest loser will likely be Russia’s Tenex, which handled the equivalent of 24.9% of U.S. imports of uranium products in the 12 months to Oct. 31. Europe’s ...

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