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Stock impact report

Biden Signs Ban on Imports of Russian Nuclear Reactor Fuel [Yahoo! Finance]

Centrus Energy Corp. Class A (LEU) 
NASDAQ:AMEX Investor Relations: investors.centrusenergy.com/investor-relations
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Trump Vows ‘Day One' Executive Order Targeting Offshore Wind GameStop Shares Soar as ‘Roaring Kitty' Revitalizes Retail Frenzy Tesla Rehires Some Supercharger Workers Weeks After Musk's Cuts China to Start $138 Billion Bond Sale on Friday to Boost Economy Macron Puts French Banks in Play With Plan to Transform Europe Biden's signature also unlocks some $2.7 billion in spending, previously approved by Congress, to build up domestic uranium supplies for US nuclear plants. That money was contingent on the federal government imposing limits on Russian uranium imports. The move, which comes as Russia's invasion of Ukraine grinds into its third year, carries risks. Russia is America's top foreign source of the fuel, supplying about a quarter of the uranium used in US reactors, according to Energy Department data. Russia makes about $1 billion a year from those sales. Cutting off that supply could raise uranium prices 20%, according to Jonathan Hinze, Show less Read more
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