Reported about 2 months ago
Uranium stocks, including Cameco, Ur-Energy, Uranium Royalty, and Uranium Energy, experienced significant gains as Kazatomprom announced a reduction in its production targets for 2025, leading to concerns about global supply shortages. With Kazatomprom responsible for a substantial portion of the world’s uranium output, its planned cut could result in reduced availability and increased prices, benefiting other uranium producers and investors in the sector. Analysts suggest that while Cameco has a strong profitability record and may be a safer investment, the cyclical nature of the industry warrants caution.
Source: YAHOO