[ad_1]
Cameco says its uranium production in Saskatchewan should not be part of an investigation announced Wednesday by the US Department of Commerce.
The investigation came after two US uranium companies complained of not being able to compete fairly for a larger share of the US uranium market because of the producers state-funded public services abroad.
"There is talk of the US's excessive dependence on uranium provided by state-owned enterprises." Tim Gitzel, CEO, said in a press release
producer Saskatoon-based uranium, which sells nearly 80% of its products to the United States. "
" Maybe they will buy more in Canada "
The survey is expected to last up to nine months, after which US President Donald Trump will decide what action to take, if any
If the United States plans to restrict the transportation of uranium from countries such as the United States, Russia, Kazakhstan and Uzbekistan, this could prove to be an advantage for Cameco.
"If they do not buy Kazakhstan or Russia, they will buy maybe more in Canada, "said Pam Schwann, president of the badociation.
The immediate implications of the investigation for the Canada was uncertain on Wednesday.
But Brooke Dobni, a professor at the Edwards School of Business in Saskatoon, said the survey was not a surprise since it was taking place after the retaliatory tariffs imposed by Canada on US imports into Canada
. me because it's on a list of things that the Trump administration said they're going to do, "said Dobni." They started at the top of this list with wood and wood. # 39; steel. [Now] we go down the list. "
Source link
