21:42:33 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Cameco Corp
Symbol CCO
Shares Issued 395,792,732
Close 2018-10-22 C$ 15.02
Market Cap C$ 5,944,806,835
Recent Sedar Documents

FP says Cameco pans U.S. import quotas

2018-10-23 09:40 ET - In the News

The Financial Post reports in its Tuesday edition that uranium companies based in the United States convinced the Trump administration to consider imposing "national-security" import quotas to encourage domestic production. The Post's Tom Blackwell writes that most of more than 900 written submissions filed with U.S. Commerce Department in recent months oppose the invocation of what was once a little-used trade weapon. Canadian governments and uranium companies and some American business groups warn that slapping limits on uranium from here would actually undermine U.S. national security, increasing dependence on subsidized imports from places like Kazakhstan, Russia and China. It is those imports that are cited as the justification for quotas. "This situation could in fact worsen, having the exact opposite effect to what U.S. stakeholders are seeking," the federal government argues in its submission. Commerce Secretary Wilbur Ross argues any trade action should exclude Canada. Cameco wrote in its submission that it opposed the suggested quotas because they are too broad, would affect Canadian imports as well as those from Central Asia and are "unrealistic in their estimate of feasible U.S. production levels."

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