President Trump will be the defining factor for uranium, said Amir Adnani, CEO of UEC.

“It really is true, sitting here where we are and leading up to a decision that Trump will make in the next potentially 90 days under the Section 232 investigation that the Department of Commerce in the U.S. has,” Adnani told Kitco News on the sidelines of the PDAC 2019.

Adnani noted that this investigation on uranium, which has been ongoing since last summer, bears similarities to the one the executive branch of the U.S. conducted on steel and aluminum, on which they concluded that importing steel was a national security threat and applied tariffs.

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Resource Commodities

Name Last Change
Gold 1475.64 0.77%
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Copper 2.78 2.781
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Uranium 25.45 0.78%