bearish
Kazatomprom Sends Uranium Stock Flying
SUMMARY
- Kazatomprom announced their first half 2024 results and updated 2024 guidance, with production numbers and inventory levels dropping significantly year on year.
- Kazatomprom's inventory levels are at nine-year lows, with only about four months of production in inventory.
- If Kazatomprom does not hit their production targets, they may need to purchase pounds of uranium in the spot market to maintain inventory levels.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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