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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99.3¢ |
Change
0.013(1.28%) |
Mkt cap ! $967.0M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.02 | 98.8¢ | $2.785M | 2.778M |
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| No. | Vol. | Price($) |
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| 48 | 62513 | 99.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 15.41pm 05/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |