The Big Reason Uranium Stocks Surged Today
Uranium stocks took off on Jan. 5, with stocks across the industry surging by double-digit percentages in early-morning trading to extend their gains this week. Here's how some of the top-performing uranium stocks were faring as of 1:43 p.m. ET Wednesday.
Blame political unrest in the world's largest uranium-producing country.
Kazakhstan, in Central Asia, has around 12% of the world's uranium resources but accounted for 43% of the global uranium supply in 2019, according to the World Nuclear Association. The nation produces and supplies nearly all of its uranium through the government-owned company, Kazatomprom, the world's largest uranium-producing company.
Source Fool.com
