Kazakhstan Unrest Pushes Up Uranium and Oil Prices – by Joe Wallace (Wall Street Journal – January 2022)


Instability in Kazakhstan, the world’s biggest uranium producer, threatens to curb output and boost prices at the same time supplies of the nuclear fuel are becoming tighter.

Dozens of people died Thursday when authorities moved against protesters after several days of unrest and the arrival of a Russia-led military alliance to quell the disorder.

Traders and Western mining companies say the protests might make it difficult to transport workers and equipment to mine sites when shifts rotate, and could gum up exports out of the country.

Kazakhstan, a Russian ally, produces about 40% of the world’s uranium output and sells it to utilities in the U.S. and other Western countries, as well as China. It has established a reputation as a reliable supplier.

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