President-elect Donald Trump on Thursday said the US should increase its nuclear arsenal, an apparent reversal of a decades-long reduction of the nation’s atomic weaponry that came hours after Russian President Vladimir Putin reiterated calls for his country’s arsenal to be reinforced. "The US must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes," Trump said in a Twitter post. Putin downplayed the promised US nuclear build-up at his annual press conference in Moscow on Friday, saying it was "no novelty" as it was in line with Trump’s campaign promises. On Thursday, Putin said Russia should also "enhance the combat capability of strategic nuclear forces, primarily by strengthening missile complexes that will be guaranteed to penetrate existing and future missile defence systems." Global X Uranium ETF rose to a session high after Trump’s comments while Uranium Resources, a Colorado-based mining company’s stock climb...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.