UUUU - Why Uranium Stocks Are Climbing Today | Benzinga
Shares of several uranium companies, including Cameco Corporation (NYSE:CCJ) and Uranium Energy Corp. (AMEX:UEC), are climbing Friday after Kazatomprom, the largest uranium producer in the world, said it is likely to experience a production shortfall, which has weighed on supply outlook.
The Details:
Kazatomprom warned that a shortage of sulphuric acid was impacting its production, kicking off a surge in the price of uranium which is up to around a 15-year high of $92.50 a pound.
The company projected that it will miss its production ...