- Shares of uranium producers shoot higher for a second straight day after spot prices for the commodity surge 10% after Kazakhstan's state nuclear-fuel company said the country would not produce as much uranium as planned this year.
- Analysts say the announcement from Kazakhstan, the world’s biggest producer, may mark an inflection point for the market and could lead to higher prices.
- In today's trade: URRE +32.4%, UEC +14.8%, DNN +8.7%, URG +6.8%, UUUU +5.5%, CCJ +4.1%, after big gains yesterday.
- Uranium prices have largely been in free fall since the 2011 disaster at Japan's Fukushima Daiichi nuclear power plant, sliding to a 12-year low of $18/lb. in December, but prices yesterday jumped above $24 for the first time since September.
- ETF: URA
Uranium producers surge as top supplier plans production cut
Recommended For You
About WWR Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
WWR | - | - |
Westwater Resources, Inc. |