Where Did Kazatomprom Fumble Its Uranium?

Kazakhstan-based Kazatomprom, the world’s leading uranium miner, is encountering production hurdles that may impact its output targets over the next two years, contributing to the challenges in the global uranium supply chain.

The London-listed company, controlled by Kazakhstan’s government through its sovereign wealth fund, revealed last Friday that shortages of sulfuric acid and construction delays at newly developed deposits are posing challenges that are likely to persist into 2025. This setback raises concerns about potential disruptions in the supply of nuclear fuel amid a rebound in demand.

In a press release , Kazatomprom stated, “Kazatomprom expects adjustments to its 2024 production plans” due to issues related to the availability of sulfuric acid, a critical operating material, and delays in construction at new deposits. The company had initially planned to increase production to 90% in 2024, a decision based on successful contract signings with new and existing customers. Kazatomprom Faces Production Challenges […]

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