Moscow has just banned the export of Russian uranium to the US. This move has already sent uranium prices higher, with shares of miners following suit. But what does this really mean for global nuclear fuel markets—and for the US?
On Friday, Russia announced it would no longer export uranium to the United States, a decision confirmed by state-owned supplier, Tenex. This ban follows through on President Putin’s warning of reciprocal trade restrictions, after the US imposed its own ban on Russian uranium back in August.
