In the course of trading on world markets, uranium increased sharply in price against the backdrop of the situation in Kazakhstan. This is reported by Bloomberg, citing a specialized platform UxC, which captures the world prices of metal.
On January 5, the price of uranium increased sharply: on the world trading floors, it rose 8% to 45.25 dollars per pound. The day before the figure was at $ 42.
Bloomberg recalled that Kazakhstan accounts for approximately 40% of the world uranium supplies.
Commenting on the situation, the head of UxC, Jonathan Hinz explained that even if in the short term there is uncertainty in terms of supply, uranium holders will still be reluctant to trade it.
"Even though there is no shortage of supply right now, players in the market are assuming that there are assumptions for it," Hinz summarized.