Listed Australian uranium miners soared more than 10 per cent on a report the Biden administration is trying to win support for a $US4.3 billion ($6 billion) plan to buy enriched uranium directly from domestic producers, tightening a supply deficit facing Western countries.
As governments increasingly mull the benefits of uranium amid the global energy crisis following Russia’s invasion of Ukraine, Bloomberg reported that US Energy Department officials have met with key congressional staff to progress the plan.
Loading...
Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
