Uranium miners jump after Kazatomprom flags production shortfall in 2024

Sprott Physical Uranium Trust

12/01/2024 12:41

** Shares of uranium companies jump premarket as
Kazakhstan's Kazatomprom said it may cut its 2024 production
plan due to difficulties with the availability of sulfuric acid
needed for uranium production
    ** Uranium prices  UXXc1  hit $97/lbs on Jan. 11, highest
since 2007 end
    ** U.S. companies Energy Fuels  UUUU.K , Uranium Energy
 UEC.N , Ur-Energy  URG.N  up between 1.2% and 4%
    ** U.S.-listed shares of Canada-based uranium miner Cameco
 CCO.TO   CCJ.N  jump 4%
    ** Global X Uranium ETF  URA.P  climbs ~2.2%
    ** Shares of London-listed uranium fund Yellow Cake Plc
 YCA.L  rise ~4.8% to 690p to hit a new record high
    ** London-listed shares of Kazatomprom  KAPq.L  rose 2.5% at
around 7 a.m. ET (1200 GMT), hitting their highest since Nov.
2021

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))