More news abour Kazatomprom production woes.
https://*********.com.au/global-uranium-supply-jeopardy-kazatomprom-lowers-production-forecasts/
I found this interesting:
Chief executive officer Meirzhan Yussupov noted in the company’s 2023 financial report that Kazakhstan accounts for about 40% of the world’s uranium production on an annual basis and that at least every third nuclear reactor in the world runs on Kazakh uranium.
“Although some of the producers made decisions to restart idled capacity and launch new production in mid-2020s, including ourselves, it will not be sufficient to cover uranium requirements post-2030, especially amid current geopolitical uncertainties, inflationary pressures and supply chain challenges worldwide,” Mr Yussupov stated.
“In the current pricing environment, another Kazatomprom-sized supply source will be needed to cover future market needs.
”In releasing its 2023 financial results, Kazakhstan’s national atomic company forecast its 2024 production will now be in the range of 21,000 to 22,500 tonnes of uranium on a 100% basis and 10,900-11,900t on an attributable basis.
This is significantly below its 2022 declaration that it intended to produce 25,000-25,500t on a 100% basis in 2024.
The article also indicates they may purchase uranium in the spot market.
More news abour Kazatomprom production...
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