USEC News Impacts Uranium Market

- July 31st, 2009

U308.biz & Uranium Investing News report USEC news on loan denial has impacted the uranium market. The global uranium giant operates the country’s sole uranium enrichment facility and supplies over half of the United States market and over a quarter of the world market. USEC adamantly disagrees with the DOE’s assertion that the plant is … Continued

U308.biz & Uranium Investing News report USEC news on loan denial has impacted the uranium market.

The global uranium giant operates the country’s sole uranium enrichment facility and supplies over half of the United States market and over a quarter of the world market.

USEC adamantly disagrees with the DOE’s assertion that the plant is not technologically prepared to commence commercial operations.

USEC CEO John Welch has written a letter to Obama requesting the government avoid what will be a “significant step backwards” as the company will be forced to demobilize the project, which could mean 2,000 lost jobs and the potential for more.

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