Uranium Week: Kazatomprom’s Shortfall Excites

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The world’s largest uranium producer, Kazatomprom cuts FY25 guidance sparking a flame under uranium stock prices.

-Kazatomprom cuts FY25 production guidance
-Sulpuric acid supplies remain problematic
-Share prices rally in response -U308 spot market flat on the week Uranium production challenges, how bad is it? The big news of the week came in the form of Kazatomprom’s cut to FY25 production guidance last Friday (August 23).Kazatomprom flagged construction delays at new developed deposits and a shortage of sulphuric acid as the reasons for a lowered guidance to 55mlbs-68.9mlbs of U308 from 79.3mlbs-81.9mlbs.Sulphuric acid supplies are being impacted from delays in new acid plants, increased competition from the fertiliser industry and trade restrictions, industry consultant TradeTech highlights.Morgan Stanley highlights revised guidance still represents a 12% increase on 2024. The announcement was in line with the broker’s […]

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