Centrus Energy (LEU) stock plummeted over 5% in pre-market trading on Tuesday, following the news that Russia has canceled the license for its company TENEX to export low-enriched uranium to the U.S. through the end of 2025.
The move by Russia, the world's largest supplier of enriched uranium, comes after the U.S. had previously banned Russian uranium imports. TENEX is now required to obtain specific export licenses from Russian authorities to fulfill remaining 2024 shipments and all 2025 shipments to the U.S.
Centrus warned that if TENEX is unable to secure the necessary export licenses, it would affect the company's ability to meet delivery obligations to its customers. As Centrus relies on imports of low-enriched uranium for its operations, the Russian export restrictions pose a significant challenge to the company's business.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。