Centrus Energy (LEU) announced earlier that it has begun domestic centrifuge manufacturing to support commercial low-enriched uranium enrichment activities at its Piketon, Ohio, facility. “This strategic move enables the company to capitalize on its many first-mover advantages in U.S.-owned domestic uranium enrichment, and marks one of the most consequential transformations in the company’s and the United States’ uranium enrichment history,” the company said in a statement. Centrus added that it “plans to leverage its multi-billion-dollar uranium enrichment expansion to meet its growing backlog of $2.3 billion in contingent LEU sales to U.S. and international customer contracts.” Shares of Centrus Energy are up 7%, or $15.44, to $245.04 in morning trading.
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