Uranium prices have jumped this week as violent protests in Kazakhstan stoke concerns about security of supply for the radioactive material used to fuel nuclear reactors.
The metal was resurgent last year, rising by more than 30 per cent as investors bet nuclear energy will be a key part of the move away from fossil fuels and the electrification of the global economy.
The price has gained more than 8 per cent this week and to $45.65 a pound, according to an assessment from UxC, a nuclear fuel market research and analysis firm, after Russian forces arrived in Kazakhstan to help push back on protests that have led to dozens being killed in clashes with police.
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