Why are ASX uranium shares charging higher today?

Shares in ASX uranium players are gaining support to start the year in 2022 and are outpacing their benchmarks. Whereas the S&P/ASX 200 index (ASX: XJO) has slipped just under 2% in the red to 7,423 points today, several ASX uranium shares are surging and are well ahead of the broad index.

For instance, both Paladin Energy Ltd (ASX: PDN) and Bannerman Energy Ltd (ASX: BMN) are in the green and have climbed 3% and 5% on the day respectively.

Not to mention Lotus Resources Ltd (ASX: LOT) and Deep Yellow Ltd (ASX: DYL) share prices’ that are 3% and 5% higher on the day as well. What’s got ASX uranium shares charging higher today?

Deadly protests stemming from the world’s largest producer of uranium, Kazakhstan, are leading to a jump in prices for the radioactive metal.Kazakhstan produces more than 40% of the world’s uranium, and right now is facing unrest […]

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