Kazatomprom cuts 2025 uranium guidance by 17%. Uranium stocks explode higher. AIA Weekly 8.24.24

The world's largest uranium supplier, Kazatomprom has reported that 2025 production will be 17% less than originally forecasted. The company also said it will not give 2026 production guidance until this time next year. The Chief Financial Officer also quit after just eleven months on the job. This is tremendously bullish news, and it could likely be the catalyst for the next move higher in uranium prices.