TSX:CHE.DB.E - Post by User
Post by
goldennorthon Jan 12, 2024 4:10pm
244 Views
Post# 35824352
Demand Is Growing Becuase Of Shortages
Demand Is Growing Becuase Of ShortagesThe miner cited shortages of sulfuric acid and construction delays at newly developed deposits as the main factors behind ongoing production challenges, which it said could persist into 2025. Sulfuric acid is a favorite among producers to extract uranium from the raw ore due to its low-cost and efficiency for different types of ores.
“Despite the ongoing active search for alternative sources of sulfuric acid supply, current forecasts indicate that the company may find it difficult to achieve 90% production levels compared to subsoil use contract levels,” Kazatomprom said in the statement. https://www.mining.com/uranium-jumps-to-15-year-high-as-top-miner-flags-shortfall/
https://www.chemtradelogistics.com/wp-content/uploads/2023/11/Chemtrade-Investor-Presentation-November-2023.pdf