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USEC confirms ITC ruling on uranium duties

USEC announced it learned that the United States International Trade Commission voted 3-1 to leave in place duties on French low enriched uranium. The duties were first established in 2002 and renewed in 2007 following a comprehensive investigation by the U.S. Commerce Department and the ITC. The vote ensures that the U.S. Commerce Department’s order imposing dues on French low enriched uranium to offset dumping, which has been detrimental to America’s uranium enrichment industry, will remain in place for at least five more years.