Cameco may cut uranium output further as demand stalls Here is the news.
https://www.kitco.com/news/2019-09-05/Cameco-may-cut-uranium-output-further-as-demand-stalls.html
As it stated "Kazakhstan, the world's top producer with output of 21,700 tonnes in 2018, has already said it will keep 2020-2021 output stable at 2019 levels, Gitzel said.
"The industry has been too slow to respond to falling demand," state-owned uranium miner Kazatomprom's strategy officer Riaz Rizvi said at the WNA conference."
If the moral from Kaz know what he is talking about, then why don't you cut down your production as well? Without Kaz working with Cameco, then NO hope for the U price recovery, they are producing 40% U.
tiger
Kazakhstan, the world's top producer with output of 21,700 tonnes in 2018, has already said it will keep 2020-2021 output stable at 2019 levels, Gitzel said.
"The industry has been too slow to respond to falling demand," state-owned uranium miner Kazatomprom's strategy officer Riaz Rizvi said at the WNA conference.