Yellow Cake Plc, which bets on uranium prices, said on Monday that it had exercised a $100 million purchase option with Kazatomprom.

The company has completed 25,000 metres of drilling at Ikkari in 75 holes.

Xu Xiao was based at the LME's Singapore office and had also served as vice president, corporate sales for Asia since September 2016 before leaving at the end of February.

Technique takes samples of gold from a mine or supplier and creates a complex chemical and physical blueprint for the material against which subsequent shipments can be checked.

Fitch expects nickel demand for EV battery manufacturing to average 29% annual growth rate until 2030.

The company reported production of 19,477 of uranium ore concentrate in 2020, down 15% compared to 22,808 in 2019.

The Chinese city of Baotou in Inner Mongolia ordered some shutdowns in a bid to meet its energy consumption targets for the first quarter.

Operations at the Oktyabrsky and Taimyrsky mines are unlikely to restart fully for another 3-4 months.