georgemiller
Publish Date: Mon, 18 Nov 2024, 23:40 PM
Nov 18 (Reuters) - Nuclear fuel supplier Centrus Energy (LEU.A) , opens new tab said on Monday it has received a notice from Russia's TENEX that its government passed an order, which canceled its license to export low-enriched uranium to the U.S., effective through Dec. 31, 2025.
Shares of Centrus were down 4.3% at $73.14 in trading after the bell.
Russia, the world's largest supplier of enriched uranium, said last week it had imposed temporary restrictions on the fuel's export to the United States, a symbolic tit-for-tat move after the U.S. banned Russian uranium imports.
TENEX is required to obtain a specific export license from the Russian authorities to make each of the remaining 2024 shipments of low-enriched uranium to Centrus and for shipments in 2025.
Centrus said TENEX is seeking the necessary export licenses, in a timely manner. But there is no certainty whether they will be issued by the Russian authorities and if issued, whether they will be in a timely manner, it said.
If TENEX is unable to secure export licenses, it would affect Centrus' ability to meet delivery obligations to customers, it said.
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https://www.reuters.com/markets/commodities/centrus-says-russia-canceled-tenexs-license-export-low-enriched-uranium-us-2024-11-18/