War in Ukraine: Uranium prices soar in turn

Oil, wheat, nickel… No raw material has escaped the volatility that has shaken world markets since the start of Russia’s invasion of Ukraine. It is now the turn of uranium. This silver-white metal, which powers nuclear reactors producing electricity, has seen its price soar in recent hours. It is now flirting with $60 a pound, according to data compiled by UxC. A level that had not been observed since the Fukushima nuclear disaster in 2011, which at the time had led to a collapse in prices.

At the origin of this outbreak of fever: the new American measures which are looming against Russia. The United States is studying the possibility of sanctioning the Russian nuclear giant Rosatom. According to a senior official in the administration of US President Joe Biden, the White House is currently consulting with the nuclear industry on the impact of potential sanctions against the Russian public group, formed in 2007 at the request of the Russian president. Vladimir Putin and which constitutes an important source of income for Moscow.

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