Kazakhstan holds a valuable resource that is becoming increasingly crucial in the world’s transition away from hydrocarbons: uranium. With 12% of the world’s uranium resources, the nation has emerged as a dominant player in the uranium market, garnering attention from the west and the wider international community. Alessia Canuto. In 2021 alone, Kazakhstan produced approximately 21,800 tones of elemental uranium (tU), solidifying its position as a vital uranium supplier. Over the past two decades, the uranium industry has experienced significant growth. In 2009, the nation surpassed all others to become the world’s leading uranium producer, accounting for nearly 28% of global production. By 2019, Kazakhstan’s share had surged to an astonishing 43% of the world’s uranium output. Despite a slight decline in production due to low uranium prices and the impact of the COVID-19 pandemic, Kazakhstan’s uranium sector remains resilient, with production reaching 21,819 tU in 2021.
Driving Kazakhstan’s uranium […]
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