Russian Uranium Import Ban Sends Shockwaves Through Energy Markets

With shares of CCJ tumbling earlier today after the company reported soggy Q1 earnings, despite its recent initiating coverage report by an enthusiastic Goldman Sachs which sees the Uranium company at the forefront of the "Next AI trade" and slapped it with a $55 price target (as we reported previously), the uranium trade suddenly found itself in need of a miracle.

It got that after hours, when the Senate voted late on Tuesday to approve legislation banning the import of enriched uranium from Russia - the same Russia which supplies 25% of the uranium…