The Big Reason Uranium Stocks Surged Today

The Big Reason Uranium Stocks Surged Today

What happened

Uranium stocks took off on Jan. 5, with stocks across the industry surging by double-digit percentages in early-morning trading to extend their gains this week. Here’s how some of the top-performing uranium stocks were faring as of 1:43 p.m. ET Wednesday.

Blame political unrest in the world’s largest uranium-producing country. So what

Kazakhstan, in Central Asia, has around 12% of the world’s uranium resources but accounted for 43% of the global uranium supply in 2019, according to the World Nuclear Association. The nation produces and supplies nearly all of its uranium through the government-owned company, Kazatomprom, the world’s largest uranium-producing company. Image source: Getty Images. Any instability in Kazakhstan that could jeopardize economic growth, therefore, is bound to send ripples across key sectors. That’s exactly what’s happening within the uranium industry right now as fears of a disruption in supply has gripped the market, right when demand for […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
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