BUZZ-US uranium companies gain as Trump's tariffs go into effect

Reuters
04 Mar
BUZZ-US uranium companies gain as Trump's tariffs go into effect

** Shares of U.S. uranium miners rise premarket, as President Donald Trump's tariffs go into effect

** Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%

** The move also includes 10% tariffs on energy imports from Canada

** In 2023, Canada was the largest source of uranium for the U.S., supplying 27%, according to data from the U.S. Energy Information Administration

** Shares of enCore Energy EU.O rise 5.9%, Nano Nuclear Energy NNE.O up 2.1%, Energy Fuels UUUU.N rise 1.8% and Uranium Energy UEC.A gain 0.8% before the bell

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10