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Gwen Preston – “Uranium: Acid Struggles and Unpacking the Latest Market Dynamics” (Video)
Gwen Preston discusses Kazatomprom and the significant cut in its 2024 production guidance. The challenge goes beyond limited access to sulfuric acid; the new mines crucial for supply growth are consuming more acid per pound of uranium due to both initial requirements and geological factors. With no immediate solution in sight for the sulfuric acid shortage, this puts a damper on hopes of Kazatomprom quickly resolving the uranium supply gap.
Posted February 5, 2024
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