On Friday, Kazatomprom announced they were reverting (back up) to 100% production, in 2025. That's another 6 tonnes/year, or 12 million pounds/year.
FWIW, I suspect the market took that opportunity for an overdue pullback, and check of support. The additional 12 million tonnes (assuming Kaz can achieve it, and ship it) only makes a minor adjustment to the undersupply picture.
https://www.mining-technology.com/news/kazatomprom-uranium-production-increase/
THE SQUEEZE IS ON, page-554
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$1.21 |
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-0.015(1.23%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
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| DYL (ASX) Chart |