Uranium market driven by extensive production disruption from COVID-19
o World’s largest producer, Kazatomprom, advised that all Kazakh production disrupted for
expected three month period
o World’s largest uranium mine, Cigar Lake, placed into care and maintenance for an
“indeterminate period” by Cameco
o Production disruption at Husab and Rossing mines in Namibia
o U3O8 spot price has risen more than 35% in 6 weeks to be best performing mineral
commodity in 2020
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