​Uranium Mining Stocks Sink After World’s Largest Producer Boosts Production Guidance – Tyler Durden

Uranium Mining Stocks Sink After World’s Largest Producer Boosts Production Guidance Uranium mining stocks plunged on Thursday after the world’s largest uranium producer raised its full-year 2024 uranium production guidance. Kazakhstan’s state-owned miner Kazatomprom released an update on operations and trading on Thursday, indicating it now expects to produce between 22.5mln and 23.5mln metric tons of uranium this year, while it previously stated the range of 21mln and 22.5mln tons. “The Company is increasing its 2024 full-year production guidance on both a 100% and attributable basis as the half-year results show that the production rates with which the mining entities are now progressing…  — Continue at ZeroHedge News : Read More