Kazatomprom will need to report a downgrade in forecast production. They are already spruiking quality over quantity. From a supply perspective this should set a hard floor in the low $70s. Cameco revenues will also take a hit from their JV relationship with Kazatomprom. This relationship may also have a question mark over it under Trump. At a macro level U downside risk looks capped.
Kazatomprom will need to report a downgrade in forecast...
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