https://**promotion blocked**/energy/kazakhstans-energy-protests-could-tighten-uranium-supply-and-send-prices-soaring/
Kazakhstan’s President Kassym-Jomart Tokayev has accepted the resignation of the Government in an attempt to quell unrest in the country after protests against the sharp rise in the price of fuel turned violent.Most of the population converted their cars to run on LPG which had a price cap, but on 1 January the government said the low price was unsustainable and lifted the cap, effectively doubling the cost of the fuel overnight.Tokayev also declared a two-week state of emergency in the Central Asian nation’s biggest city, Almaty, and said some price caps would be restored after crowds in the thousands gathered in the streets across several towns and cities – including oil producing hubs.
Kazakhstan produces 43% of global uraniumBut it’s not just the fate of the country’s oil rich reserves that have global heads turning.Kazakhstan also produces around 43% of the world’s uranium, with the country home to the world’s largest uranium producer, Kazatomprom.Some analysts are predicting the political unrest could send uranium prices soaring.
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