ASX uranium stocks soar as world’s top producer cuts 2025 production target

Source: iStock Key Points

Kazatomprom, the world’s largest uranium producer, has downgraded its 2025 production outlook by 17%, causing a surge in uranium stocks

Local uranium names like Paladin Energy, Deep Yellow and Boss Energy are up more than 10% on Monday

Short sellers have been targeting the uranium sector over the past couple of months due to factors including weak prices and high capex costs Investors are piling into uranium miners on Monday after the world’s largest producer, Kazatomprom, downgraded its full-year production outlook.Kazakhstan’s state-owned uranium miner said last Friday that it expects to produce 25,000 to 26,500 tonnes of uranium in 2025, down from its previous guidance of 30,500 to 31,500 tonnes. The new guidance reflects a 17% downgrade at the midpoint but still 12% higher than 2024."The uncertainty around the sulphuric acid supplies for 2025 needs and delays in the construction works at the newly developed […]

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