How the American Uranium Market Is Poised for a Major - and Profitable - Change

How the American Uranium Market Is Poised for a Major - and Profitable - Change: This week, the U.S. Department of Commerce was due to put a recommendation involving the domestic uranium market on President Trump's desk.
He would have 90 days to act on it.
Depending on what happens, the domestic uranium market could become very different very quickly.
At the center of the drama is whether U.S. uranium miners will be granted relief from foreign competition under Section 232 of the Trade Expansion Act of 1962.
The most direct way this could be done is for the president to decree that uranium is a national security material, although the uranium companies that brought the action have been requesting something less - a quota of usage inside the country reserved for U.S. production.
You would think that would be the case, given the need for uranium in the national arms and naval vessel reactor sectors. That at least is recognized.
U.S. law requires that uranium used for national defense purposes - in nuclear-powered naval vessels, for example, or to replenish nuclear warheads - must be mined, refined and processed domestically.
Unfortunately for the U.S. mining sector, those sources are not new production but defense stockpiles resulting from the Cold Wa