Political turmoil in Kazakhstan upends uranium and energy markets

Political turmoil in Kazakhstan upends uranium and energy markets

Protests in Kazakhstan may create even tighter markets and higher prices for uranium and oil than previously anticipated. Violent protests in Kazakhstan, which is a major producer of oil, coal, natural gas and uranium have seen spot prices jump dramatically.

Kazakhstan supplies 43% of the world’s uranium and the unrest has seen uranium prices rise 3.89% since Wednesday to US$45.40 per pound.

National Kazakhstan entity and the world’s largest producer and seller of natural uranium NAC Kazatomprom JSC’s shares have fallen 11%, while the share price of North American and Australian uranium companies continues to rise. Oil disruptions

In addition to being the largest supplier of uranium, Kazakhstan produces about 1.6 million barrels of oil a day.Protesters have arrived at key Kazakhstan oil fields including the country’s largest Tengiz, which Chevron operates.This led to production and supply chain disruptions and have pressured oil prices as other major producers showed limited increase […]

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.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet