Top uranium miner Kazatomprom’s production down 11% in Q2 2022 due to supply chain issues

Top uranium miner Kazatomprom’s production down 11% in Q2 2022 due to supply chain issues

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Kazakhstan’s Kazatomprom (LSE: KAP), the world’s largest uranium producer, announced today that the company produced 2,729 tonnes of uranium (as U3O8) in Q2 2022 on an attributable basis, which is 11% lower than in Q2 2021 (3,073 tonnes).

According to the company’s press-release, overall, uranium production in Kazakhstan (100% of KAP and its partners’ production) was 5,116 tonnes in Q2 2022, a 7% decline over Q2 2021 (5,526 tonnes).

"Production on a 100% basis was lower in the second quarter compared to the same period in 2021, due to the impact of the COVID-19 pandemic on wellfield development in 2021," the company said in a statement.

KAP explained that there is typically an eight- to ten-month lag […]

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