- Shares of Cameco (CCJ +3.1%) and other uranium producers trade mostly higher after U.S. Energy Secretary Jennifer Granholm tells a Senate panel that the Biden administration will move forward with a uranium reserve, even though the latest proposed federal budget eliminates funding for the initiative.
- According to Bloomberg, Granholm says the administration plans to use previously appropriated funding for the reserve.
- Among other uranium names: UUUU +2.6%, UEC +1.7%, URG +0.6%, DNN -1.1%, NXE -0.2%, OTCQX:FCUUF -1.4%.
- ETFs: URA, URNM
- China says radiation levels are normal around the Taishan nuclear power plant in Guangdong province, following media reports of a leak at one of its reactors.
- Uranium stocks fell sharply yesterday on reports that the U.S. government was assessing reports of a leak at the Chinese plant.