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putin publicly called for "considering restricting the export of some key raw materials" and the sector named soared in response

2024-09-12

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cailianshe news, september 12 (editor: shi zhengcheng)on wednesday local time, the u.s. nuclear energy sector, including cameco, the world's third largest uranium producer, collectively rose. the logic of the market speculation is related to a speech by russian president vladimir putin.

according to tass, putin said on wednesday:i hope that government ministers will consider the possibility of restricting the export of certain strategic raw materials, such as uranium, titanium or nickel, provided that this does not harm russia's national interests.

(source: tass)

"they are restricting some of the supplies of goods to us, well, maybe we should also impose some restrictions on them?" putin said at a government meeting.

the russian president further instructed: "some countries are building up strategic reserves and taking some other measures. in general, if this is not harmful to us, then we can consider certain supply restrictions. i am not saying that we need to do it tomorrow, but we should consider it. i think colleagues should fully understand the importance of these russian strategic raw materials. this is just what i think of: uranium, titanium, nickel, but there are other important raw materials."