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 […]

Click here to view original web page at miningfeeds.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.