- Uranium stockpiler Yellow Cake said a decision by Donald Trump to introduce no new trade restrictions on the metal had positive implications for the company.

Trump's decision followed a Section 232 investigation into US uranium trading.

He also announced the establishment of a United States Nuclear Fuel Working Group, which would report back to the president within 90 days.

'The Section 232 investigation has created an 18-month period of uncertainty which has severely restricted activity in the uranium market,' Yellow Cake chief executive Andre Liebenberg said.

'We view the decision that no new trade restrictions will be implemented at this stage as positive, and likely to support a return to more normal levels of activity.'

'We note the creation of a new Working Group which will look at the full nuclear fuel supply chain in the US and report back on its findings.'

'We therefore expect a more measured return to market activity in the near term and remain highly confident in the long term price outlook for uranium, and therefore in the Yellow Cake investment model.'

At 9:22am: [LON:YCA] Yellow Cake Plc Ord Gbp0.01 share price was +5.75p at 221.75p

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