In Monday's Blitz Daily with Lance Ippolito, we take a look at Canadian uranium producer Cameco as the U.S. looks to ban Russia imports.
The war between Russia and Ukraine has roiled the energy markets, especially in Europe, which gets about 25% of its crude oil from Russia. This, in turn, has caused the world to once again look to nuclear energy and uranium as a source of energy.
Not only that, but just this past week, four U.S. senators introduced a bill that would ban uranium imports from Russia.
The U.S. gets about 20% of its uranium from Russia. Meaning without that supply, companies such as Canada-based Cameco will be tapped to provide the difference…
And the smart money is certainly bullish on Cameco.
Of course, this wasn’t the only outsized trade hitting the tracker today…
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