The US Indexes were heavily down on Wednesday following the Fed's reduced guidance re interest cuts...
Uranium Stocks Jump
On the US Markets Uranium stocks jumped on Friday following Kazatomprom's H1 release and 2025 production guidance suggesting a c20% reduction in production vs prior guidance.
Uranium was up slightly on Friday but the Uranium stocks all bounced strongly led by UROY +14.9%, DNN +14%, UEC +13.1%, EU +11.8% and URG +11.5%.
The sector was very strong at the start of the year following reports of a squeeze on Uranium with the raw material peaking at $105, before falling back to the current level of $81.3. Over the last three months the stocks are collectively down 20% - after the 10.5% rise on Friday.