Yellow Cake says U.S. uranium import decision to help long-term prices

(Reuters) - Uranium fund Yellow Cake (YCA.L) said on Monday the U.S. decision to not implement fresh trade restrictions on the metal’s import was likely to help long-term prices and bring production to a more normal level.

An investigation by the U.S. Commerce Department into uranium imports had constricted the uranium market and caused uncertainty in the past 18 months, the company said.

U.S. President Donald Trump said in a memorandum on Saturday he did not concur with the investigation that found uranium imports threaten to impair U.S. national security and ordered a deeper review by the U.S. Nuclear Fuel Working Group.

“We therefore expect a more measured return to market activity in the near term and remain highly confident in the long-term price outlook for uranium,” Yellow Cake Chief Executive Officer Andre Liebenberg said in a statement.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 28135.40 0.01%
S&P 500 3168.80 0.01%
NASDAQ 8734.88 0.20%
TSX 17003.13 0.33%
TSX-V 540.53 0.00%

Resource Commodities

Name Last Change
Gold 1475.64 0.77%
Silver 16.94 0.41%
Copper 2.78 2.781
Platinum 901.00 0.67%
Oil 60.07 1.48%
Natural Gas 2.30 1.39%
Uranium 25.45 0.78%