Why Centrus Energy Stock Popped Today
Centrus Energy (NYSE: LEU) stock leapt 6.3% through noon ET Tuesday as further details filtered out regarding President Trump's "Project Vault."
As you may recall, initial reports on Project Vault described it as a $11.7 billion effort to amass a strategic reserve of rare-earth metals, inciting investors to scoop up shares of rare-earth mining companies such as USA Rare Earth (NASDAQ: USAR), which popped yesterday before dropping -- and now is going on another tear of its own!
Well, it now turns out that rare-earths are only the beginning. The President also wants to buy uranium.
Source Fool.com
