Shares of Australian uranium producers rose on Thursday after Russian President Vladimir Putin hinted at the possibility of limiting commodity exports in response to US sanctions, Reuters reported.
Speaking to Russian government ministers, Putin floated the possibility of "certain restrictions" on the exports of uranium, titanium, and nickel amid sanctions imposed by the US due to the conflict between Russia and Ukraine, the report added.
Russia is the fourth largest uranium producer in the world, with the US and China among its top customers.
A possible curb on Russian exports helped lift shares of uranium miners, with shares of Paladin Energy (ASX:PDN) jumping 9%, and shares of Boss Energy (ASX:BOE), and Deep Yellow (ASX:DYL) both rallying 10% in recent trade.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price (AUD): $9.80, Change: $+0.83, Percent Change: +9.25%
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