Why Energy Fuels Stock Exploded Higher Today
Energy Fuels (NYSEMKT: UUUU) stock, involved in mining both uranium and rare-earth metals, soared 18% through 10:35 a.m. ET Monday after China threatened to throttle rare-earth exports to the United States.
President Donald Trump reassured investors that China isn't serious, and everything "will all be fine." Not everyone seems 100% convinced, however, and shares of pretty much every stock having anything to do with rare-earth materials -- Energy Fuels included -- is rising on elevated risk to the supply chain.
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Source Fool.com
