Australian uranium stocks surge as US passes Russian import ban

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Australian uranium stocks surge as US passes Russian import ban

Investing.com--Shares of Australian uranium producers rose sharply on Wednesday, ducking weakness in broader markets after the U.S. Senate passed a bill blocking imports of enriched uranium from Russia, heralding tighter global supplies.The U.S. Senate on Tuesday unanimously voted in favor of a bill blocking the import of enriched uranium from Russia, sending it to the President’s office for approval. The bill comes amid tighter U.S.

The bill also includes $2.7 billion in funding support for developing U.S. uranium processing capabilities.

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