Centrus Energy Corp. (LEU), a provider of nuclear fuel, announced on Wednesday that it has inked a deal with Korea Hydro & Nuclear Power or KHNP for a contingent supply commitment to support the construction of new uranium enrichment capacity at Centrus' American Centrifuge Plant in Piketon, Ohio.
The purchase commitment from KHNP covers a decade of deliveries of Low-Enriched Uranium to help fuel Korea's large fleet of reactors.
Centrus has now secured a total of $1.8 billion in contingent sales commitments to date, including KHNP, other customers, to support deployment of the new capacity.
Amir Vexler, CEO of Centrus, said: "This supply commitment is a key building block as we work toward the public-private partnership that will enable us to re-establish a large-scale, U.S.-owned uranium enrichment capability."
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.