1 uranium exporter Kazakhstan is cutting back. Will it benefit the rest of the battered industry? Shares of Canadian miner Cameco bounced as much as 18% Monday after state-owned Kazatompromannounced that it would slash output by 20% from 2016 levels and extend those reductions for the next three years. Cameco itself had taken the painful step in early November of announcing a suspension of production at two of its own mines due to weak demand.

Source: Wall Street Journal December 05, 2017 21:11 UTC