Kazakhstan exported 14,200 tons of uranium in January-September 2018 valued at $699.1 million.
Thus, uranium exports in physical terms decreased by 18.8%, and in money by 17% YoY due to a drop in demand on the market of uranium products.
The largest supplies of uranium were sent to China (57% of total exports, 8,000 tons, $422.6 million), Canada (18.2%, 2,600 tons, $108.2 million) and Russia (16.6%, 2,400 tons, $113.6 million).
KazAtomProm, Kazakhstan’s national operator for the export and import of uranium and its compounds, is the world leader in the extraction of natural uranium.
At the end of 2017, KazAtomProm announced that in the conditions of the continuing oversupply on the market of uranium products, the company intended to reduce the volume of uranium production by 20% of the contract volumes.
It should be noted that Kazakhstan is the largest uranium miner in the world. In 2017, the country produced 39.3% of the world’s uranium output, followed by Canada (22%) and Australia (9.9%). (Trend/Ukrainian metal)