Australian resources shares continued to surge on Friday, led by uranium producers in the wake of Russian President Vladimir Putin’s threats to curb exports.
Two leading miners of the heavy metal, Deep Yellow and Boss Energy, rose as much as 13.5 per cent and 10.7 per cent, respectively, before paring gains.
Putin said on Wednesday that Russia should consider limiting uranium, titanium and nickel exports in response to western sanctions.
Sydney-listed gold miners West African Resources and Emerald Resources rose 6.8 per cent and 6.1 per cent, respectively, as the metal reached a record high of $2,562.66 per ounce.
The overall S&P/ASX 200 index gained 0.7 per cent. Elsewhere in the Asia-Pacific region, Japan’s Topix fell 0.6 per cent and South Korea’s Kospi was flat.
