Transport disruptions the wild card for Kazakh uranium shipments

Transport disruptions the wild card for Kazakh uranium shipments

A Kazatomprom worker checks the radiation level of uranium oxide at the East Mynkuduk PV-19 uranium mine in southern Kazakhstan May 11, 2006. REUTERS/Vladimir Pirogov

LONDON, Jan 7 (Reuters) – Protests in Kazakhstan have not hit the country’s uranium output so far, but if the crisis escalates and transport is disrupted, shipments of the fuel used to generate nuclear power from the dominant producer will be at risk.

Days of violent unrest against a fuel price hike have prompted the government to declare a state of emergency in Kazakhstan, with soldiers shooting at protesters in its biggest city Almaty on Thursday. read more

The country is the world’s top uranium producer, accounting for around 40% of global supplies estimated at 50,000 tonnes a year. An assessment by S&P Global Platts showed uranium prices had risen 8.3% since Tuesday to $45.75 a lb on Thursday, the highest since Nov. 30.Miners and analysts […]

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