Uranium Week: Focus On Kazatomprom (Aug 1)

This story features PALADIN ENERGY LIMITED, and other companies. For more info SHARE ANALYSIS: PDN

The world’s largest uranium producer, Kazatomprom, takes centre stage while the Biden Administration drives a nuclear reactor reform agenda.

-U308 price higher
-Kazatomprom hit by new taxes
-Aussie uranium stocks look attractive A quiet spot market belies big macro changes The U308 spot market was relatively quiet last week. Only one transaction was reported by industry consultant TradeTech at a price of US$86lb, a US$1 increase on the previous week.On the corporate news front it was quite the contrary as Kazatomprom, the world’s largest uranium producer, announced changes to the Mineral Extraction Tax for its Kazakhstan mining operations.The tax change from the Kazakh government is reported by TradeTech as part of “broader economic reforms” to balance the budget and provide greater economic equality.The new rate would move to 9% from 6% starting in […]

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