Cameco and Nexa Both Cite Rising Metal Prices, But Only One Earned It on Demand
Cameco's uranium price gain came from cutting its own supply, while Nexa's zinc surge came from stronger demand and byproduct credits.
Cameco's uranium price rose 8% as it cut production 20% at Key Lake for planned maintenance, while Nexa's adjusted EBITDA jumped 62% on higher zinc prices and byproduct credits, without pulling back supply.
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