President Trump has criticized the rising costs of using the Panama Canal, citing droughts, upgrades, and high demand as contributing factors. Despite potential pressure to lower fees, the impact on American consumers is minimal, with canal costs representing a small portion of retail prices. Concerns over Chinese investments in Panama’s infrastructure and security issues have also been raised by American politicians, prompting recent discussions between Secretary of State Marco Rubio and Panamanian officials.
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Why Energy Fuels Rocketed Higher Today
Shares of uranium and rare earths miner Energy Fuels (NYSEMKT: UUUU) rose by 13.8% on Tuesday, driven by positive news. The company reported record monthly uranium production from one of its operational mines in May, and Meta Platforms (NASDAQ: META) signed a 20-year nuclear agreement with Constellation Energy (NASDAQ: CEG) to power its AI data centers, enhancing optimism for future uranium demand. These developments collectively contributed to the significant increase in Energy Fuels' stock price....
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