Kazakhstan puts a rocket under uranium markets
Long-suffering uranium stocks have surged in early trading after another major cut to production of the nuclear fuel was announced overnight.
The world's biggest uranium producer, Kazakhstan's state-owned miner Kazatomprom, announced it would reduce production by 20 per cent over the next three years in a bid to reduce the excess supply that has existed since Japan suspended its nuclear fleet in the wake of the Fukushima nuclear disaster in 2011.
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