Opec teaches world's top uranium miner how to handle price crash

Kazakhstan, which mines almost 40% of the world’s uranium, thinks it has the market heft to function as a one-nation Organization of Petroleum Exporting Countries (Opec) for the nuclear fuel. Opec, whose 13 members also pump about 40% of global output, is an “example” in the way it’s used its size to pursue higher pricing, according to Kazakhstan’s sovereign wealth fund Samruk-Kazyna, which owns the State’s 100% stake in uranium producer Kazatomprom.