1/5/2022- 6:33 p.m.
Uranium Leap: Prices up 8% against backdrop of events in Kazakhstan
The central Asian nation provides more than 40% of the world’s supplies, and concerns have seen trade prices shoot up with a major threat to a key global source.
General increases on the uranium market are up more than 2%, while Kazak President Tokayev could reform policies.
It’s unclear for now how that will impact, but a lift on national energy price caps in the country triggered protests and days of carnage in Kazakhstan.
While energy prices doubled overnight for residents, global uranium markets have grown steadily too as the world pushes towards cleaner power.
