China’s Rare-Earth Curbs Drive U.S. Uranium Stocks to Fresh Highs

Investors are repositioning around U.S. supply security as uranium prices hold near $79 per pound.

Overview

Energy Fuels gained 23.12% from October 3–10 to an all-time high after Beijing announced new restrictions on rare-earth and related exports.
Uranium Energy closed a $30.57 million over-allotment from its recent equity offering to speed a U.S. uranium refining and conversion project, with shares up 10.9% for the week.
Centrus Energy rose 5.89% as the company highlighted its status as the only U.S. producer of HALEU and outlined a multibillion-dollar expansion of its Ohio enrichment facility.
Uranium futures recently spiked above $83 per pound and were reported just below $79, reinforcing momentum across nuclear-fuel names.
Yahoo Finance reported that the Financial Times says the Pentagon plans a $1 billion critical-minerals stockpile and noted JPMorgan’s $10 billion investment initiative, alongside Energy Fuels’ $700 million convertible-debt raise last week.