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Kazatomprom plans uranium production increase in 2025
Kazatomprom, the Kazakh uranium producer, will increase production volumes in 2025, adding 6,000 tonnes of elemental uranium (tU) to global primary supply and returning to a 100% level relative to its subsoil use agreements for the first time since 2018. The board of Kazatomprom approved the strategy. Kazatomprom’s 2025 production is now expected to be between 30,500tU and 31,500tU. The decision to increase output was motivated by improved uranium market conditions and successful medium and long-term contracting with new and existing customers. Dastan Kosherbayev, chief commercial officer at Kazatomprom, said: ... (full story)