Kazakhstan Uranium Worries Shake the Markets as Unrest Threatens to Explode

Kazakhstan Uranium Worries Shake the Markets as Unrest Threatens to Explode

Kazakhstan, the world’s number one uranium producer, continues to produce and output uranium despite the ongoing protests currently happening within the Central Asian State. Risks remain, but the industry has remained largely unaffected by the unrest. Protests began due to fuel prices rising, and as a result of the unrest in the streets of Kazakhstan, uranium prices have also risen to the highest they have been since November 30., no there have not been any stoppages.

The price for the metal has been up and down over the past year, sitting around $30 per pound in August, then rising again towards the end of the year at $45 per pound in November before falling to $42 per pound by December. Currently, the price sits at 45.50 per pound, and could continue to rise on the basis of supply uncertainty.

​​Analysts at Canaccord Genuity commented in a note that they expect the […]

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