TSX:CHE.DB.E - Post Discussion
Post by
goldennorth on Jan 12, 2024 4:10pm
Demand Is Growing Becuase Of Shortages
The 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
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