Uranium Energy Corp. UEC

Energy

Uranium Energy Corp. (UEC: NYSE American) is an independent U.S. uranium mining company. UEC controls 104M lbs. of qualified resources and a fully permitted uranium processing plant in South Texas. The Company has a potential production profile of 4 million pounds of U.S.-origin U3O8 per year with room to expand. Chairman is former U.S. Energy Secretary, Spencer Abraham.

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Uranium Energy Corp. > ban on Ru uranium

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Comment by GSTbay1060on Apr 08, 2024 11:07pm

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RE:ban on Ru uranium

the funny thing it is not needed to make the trade any better. With the current structural deficit the utilities are currently in trouble a few years out. There is nothing coming to fix the deficit. Also the growing geopolitical risk. Even what is slowing delivery like Germans holding up shipments due to banned lumber on a boat transporting Uranium to the USA. So the ban is not needed but may be a political tool used to help the Democrats by showing they are tough on Russia while the Republicans seem to be aligning with Russian ideology.So if the ban does happen and then the Republicans win they would probably reverse the Uranium ban if it is passed. But even if they reinstated the purchase of material from Russia there won't be enough production to solve the shortages.
glta
dyodd

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