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Kazakhstan crisis drives uranium and oil up

2022-01-07T18:02:08.875Z

The Central Asian giant is the world's largest producer of ore, the basis of nuclear fuel. Investors were - like all observers - taken aback by the protests in Kazakhstan and their bloody crackdown. The largest of the five former Soviet republics in Central Asia is full of strategic raw materials in its basement. Also, this unexpected crisis caused tensions on the prices of uranium and oil in particular. See also Kazakhstan: "Post-Soviet Domino" Kazakhstan is, in fact, the world's lea



Investors were - like all observers - taken aback by the protests in Kazakhstan and their bloody crackdown.

The largest of the five former Soviet republics in Central Asia is full of strategic raw materials in its basement.

Also, this unexpected crisis caused tensions on the prices of uranium and oil in particular.

See also

Kazakhstan: "Post-Soviet Domino"

Kazakhstan is, in fact, the world's leading producer of uranium ore (up to 40%), from which the fuel for nuclear power plants is made.

As Almaty, the country's largest city, was plunged into chaos on Wednesday, the price of a pound of uranium soared 8% to more than $ 45, according to UxC, as quoted by Bloomberg.

The price of uranium is not continuously quoted like gold or oil, but several specialist companies, including UxC, provide data on this market.

On Thursday, Kazatomprom, the national uranium producer, assured that its activity was ...

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Source: lefigaro

All business articles on 2022-01-07

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