Notably, “[the US imports] half of their uranium from Russian and Russia-friendly countries. They import 95 percent, but half of that is Russian, Russian friendly. At the tensions that are right now it takes one sanction against Russia for uranium not to come in, and I think it’s a huge risk,” Alkin said.
So far there has been little reaction from U3O8 prices, although some US-focused uranium stocks saw share price upticks on Monday (April 15). As of 2:20 p.m. EST, Azarga Uranium (TSX:AZZ), Laramide Resources (TSX:LAM) and Ur-Energy were up 13.33 percent, 11.94 percent and 6.98 percent, respectively, while Uranium Energy (NYSEAMERICAN:UEC) was up 11.4 percent.
Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) was up 6.99 percent on the TSX and 6.59 percent on the NYSEAMERICAN at that time.
https://investingnews.com/daily/res...russian-sanctions-us-uranium-supply/[/BCOLOR]
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