Kazatomprom Cuts 2025 Uranium Production Guidance By 17% Amid Supply Chain Crisis

Kazatomprom, the world’s largest uranium producer, has cut its 2025 production guidance by 17%, signaling significant operational challenges ahead, despite posting strong financial results for the first half of 2024. The Kazakhstan-based company reduced its production forecast for 2025 to 25,000–26,500 metric tons, down from an initial estimate of 30,500–31,500 metric tons.

This reduction underscores the ongoing difficulties Kazatomprom faces, particularly with delays in construction and shortages of sulfuric acid, which are critical to uranium extraction processes.

In the first half of 2024, Kazatomprom reported robust financial figures, highlighting a 13% increase in revenue to 701.1 billion Kazakhstani tenge (approximately $1.46 billion). This growth was largely driven by rising uranium prices, reflecting the metal’s growing importance in global energy strategies.

The company’s net profit soared by 27% year-over-year, reaching 283.2 billion tenge ($590.1 million), compared to 222.3 billion tenge during the same period in 2023. This increase in profitability was attributed to […]

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