Kazatomprom Sends Uranium Stock Flying

• 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.

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