URANIUM AND OTHER MINERALS AT CENTRE OF ESCALATING US-CHINA TRADE WAR

President Trump has increased a wide range of 10% duties on Chinese exports to the USA to 25%. The tariff hike covers uranium ores, compounds (and metal). The US imported USD60.3 million’s worth of uranium from China in 2018  (3.5% of all imports). China responded with retaliatory tariffs on a range of US imports, including metal ores such as iron, nickel, zinc, titanium and zirconium. These latest tariff hikes in the US-China Trade War will have a major impact on the global minerals sector.