Kazakhstan’s energy protests could tighten uranium supply and send prices soaring

Kazakhstan’s energy protests could tighten uranium supply and send prices soaring

Uranium investors waiting for the all clear to celebrate the fall of Kazakhstan’s Government. Pic: RichVintage (E+) via Getty Images. share

Kazakhstan’s President Kassym-Jomart Tokayev has accepted the resignation of the Government in an attempt to quell unrest in the country after protests against the sharp rise in the price of fuel turned violent.

Most of the population converted their cars to run on LPG which had a price cap, but on 1 January the government said the low price was unsustainable and lifted the cap, effectively doubling the cost of the fuel overnight.

Tokayev also declared a two-week state of emergency in the Central Asian nation’s biggest city, Almaty, and said some price caps would be restored after crowds in the thousands gathered in the streets across several towns and cities – including oil producing hubs. #uranium producer workers will join the protest among other oil, gas and coal […]

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