4 uranium stocks gain due to Kazatomprom's plan to reduce global supplies by 3-4% in 2023.

4 uranium stocks see strong gains as Kazatomprom, world's largest uranium producer, plans to become a smaller producer in 2023, reducing global uranium supplies by 3-4%. This may lead to increased production from other uranium producers to meet global nuclear power plant needs, potentially raising uranium prices and profits for investors. Canadian uranium miners' shares have rallied due to Kazatomprom's 17% reduced 2025 production target.

August 23, 2024
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