Congrats to HCO holders, strong gains for June, page-7

Great news

Australian uranium exporters winners as Trump dumps quota planJacob GreberJacob GreberUnited States CorrespondentJul 12, 2019 — 10.30pmSaveShareWashington | Australia’s $411 million uranium export industry to the US has dodged a bullet with Donald Trump set to reject calls from local mining companies and some Republicans for a 25 per cent "buy America" domestic quota.In a big win for lobbying efforts supported by Australia, it is understood Mr Trump will announce shortly that he won't support recommendations from the US Commerce Department that would force nuclear power station operators to buy a significant portion of the radioactive fuel from US suppliers.donald trumpUS President Donald Trump has until Saturday to decide on imposing a domestic uranium quota. BloombergInstead Mr Trump has decided to make no changes to rules governing uranium supply in a move that may even be worth more to Australian miners than last year's unique US tariff exemptions for steel and aluminium shipments.Mr Trump is understood to have been dissuaded from imposing a quota against the advice of his own Commerce secretary Wilbur Ross because of concerns it would drive up costs for nuclear reactor operators. Those operators are already under pressure from providers of cheaper sources of power such as natural gas and renewables.According to one estimate provided to The Australian Financial Review, the equivalent of as many as 12 million American households could have been affected by the market-distorting effects of government sourcing rules.AdvertisementAnd while Australia doesn't allow shipments of uranium to the US for milliary purposes, a quota would also have undermined the Trump administration's broader efforts to secure supply lines for vital rare earth metals and minerals such as lithium.Decision timeThe president in late 2017 ordered his administration to look at guaranteeing supply from trusted allies such as Australia amid concern Washington's growing rivalry with Beijing could trigger disruptions.The uranium question has hung over the industry ever since the Commerce Department delivered a report to the president in April into the impact of uranium imports on US national security after a nine-month investigation.A 90-day period for Mr Trump to make a decision ends on Saturday, local time.A source said Mr Trump was given a binary choice: take no action or impose a schedule of rising quotas starting at 5 per cent in the first year and increasing by 5 percentage points for another four years.Reuters reported on Thursday (Friday AEST) that Mr Trump was given three options: the ones listed above, plus one that would delay a decision by six months.The so-called Section 232 investigation was triggered by an early 2018 petition from US uranium mining companies Energy Fuels Inc and Ur-Energy.