usec up over 50% last night

This may be the reason why USEC was up over 50% last night, but the part I don't understand is that USEC no longer produces it's own LEU, they are buying it from Russia?

I don't think that will sit well somehow with the powers to be in the US, I reckon they want their own home grown enrichment somehow, I think USEC are relying on the ACP technology to save their bacon, but they will need USD $4billion or more to build the plant which is not as efficient as laser enrichment, go figure?

But in any case this announcement by USEC will also be of great interest to GLE, they will also be a beneficiary of this announcement,in fact it's a fair bet they will be the biggest beneficiary in my opinion!

http://www.marketwatch.com/story/us-international-trade-commission-votes-3-1-for-continued-duties-on-imported-french-low-enriched-uranium-2013-11-13?reflink=MW_news_stmp

press release

Nov. 13, 2013, 12:38 p.m. EST
U.S. International Trade Commission Votes 3-1 for Continued Duties on Imported French Low Enriched Uranium
Vote Leaves in Place Duties First Imposed in 2002 and Renewed in 2007

BETHESDA, Md., Nov 13, 2013 (BUSINESS WIRE) -- USEC Inc. USU +2.40% learned today that the United States International Trade Commission (ITC) today voted 3-1 to leave in place duties on French low enriched uranium. The duties were first established in 2002 and renewed in 2007 following a comprehensive investigation by the U.S. Commerce Department and the ITC.

The vote ensures that the U.S. Commerce Department's order imposing dues on French low enriched uranium to offset dumping, which has been detrimental to America's uranium enrichment industry, will remain in place for at least five more years.

The duties were imposed under a procedure permitted by the General Agreement on Tariffs and Trade and the World Trade Organization.

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.

SOURCE: USEC Inc.