Centrus Energy shares rise 11.56% intraday after signing an agreement with Korea Hydro & Nuclear Power and POSCO International for potential investment in American uranium enrichment.

Centrus Energy Corp. rose 11.56% in intraday trading, driven by the company signing a Memorandum of Understanding (MOU) with Korea Hydro & Nuclear Power (KHNP) and POSCO International to explore potential investment in the expansion of Centrus' uranium enrichment plant in Piketon, Ohio. The agreement, attended by U.S. Secretary of Commerce Howard Lutnick and Korea's Minister of Trade, Industry and Energy Kim Jung-kwan, aims to deepen U.S.-Korea cooperation on civilian nuclear energy. Additionally, Centrus and KHNP agreed to increase the supply volume of enriched uranium under their existing contract.