On the newswires this morning.
News Summary DJ Tailwinds Strengthening Behind Uranium Price -- Market Talk
05 Sep 2023 08:23:531 View 2223 GMT
- Momentum in the uranium market looks set to remain strong through 2H, which will provide ongoing support for Australia-listed miners and explorers, Jefferies says. "This week's World Nuclear Symposium is likely to inject further optimism into the market, while also potentially triggering contract volumes, adding further support to the positive price environment," analyst Chris Drew says in a note. The global supply outlook is tighter after Cameco cut its annual production guidance due to issues at its Cigar Lake mine and Key Lake mill, while a coup in Niger is likely to impact the schedule of its Dasa project. Jefferies favors Paladin Energy, Boss Energy and Deep Yellow among locally listed equities.
([email protected]; @dwinningWSJ)(END) Dow Jones Newswires September 04, 2023 18:23 ET (22:23 GMT)
On the newswires this morning.News Summary DJ Tailwinds...
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