US Commerce department submits report on uranium imports to White House

The U.S. Commerce Department told Reuters Monday it has submitted the results of a national security investigation into uranium imports to the White House.

The "Section 232" probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers. U.S. nuclear power generators oppose the federal government against taking action and have argued tariffs or quotas would increase costs for the struggling industry and possibly cause some reactors to shut.

(With inputs from agencies.)