Kazakhstan Unrest Triggers Surge of Uranium Prices
Protests in Kazakhstan, which began last week, have caused a surge in the price of uranium, with data released by UxC showing that the price of the radioactive metal increased to $45.20. Kazakhstan is the biggest producer of uranium globally, producing more than 40% of the world’s uranium. The Central Asian country restricted some travel and interrupted communication networks in an attempt to thwart the unrest. Additionally, the Kremlin stated that Russia and its Collective Security Treaty Organization allies would send peacekeeping forces to the country after the nation’s leader, President Kassym-JomartTokayev, called for assistance. The protects could increase reliance…