Kazakhstan: Kazatomprom chairman meets with Tokayev

Kazakh President Kassym-Jomart Tokayev held a meeting with Chairman of Kazatomprom Meirzhan Yussupov, during which the company’s new development strategy for 2025-2034 was presented. During the meeting, President Tokayev was briefed about Kazatomprom’s operating outcomes for 2024 as well as its short- and medium-term objectives and plans. Kazatomprom’s uranium production stood at more than 23,000…

Kazakhstan: Kazatomprom and Jordan Uranium Mining Company to develop joint uranium mining projects

During the official visit of President of the Republic of Kazakhstan Kassym-Jomart Tokayev to Jordan, Kazatomprom and Jordan Uranium Mining Company (JUMCO) signed a memorandum of understanding and cooperation “Partnership with JUMCO opens new avenues for international cooperation and strengthens Kazakhstan’s position in the global uranium industry, supporting our strategic goals to expand and efficiently…

Kazakhstan: uranium prices to rise again

Despite the decline since February, Financial giant Citi maintains an optimistic outlook for the uranium market, expecting prices for the resource to rise significantly. The company estimates that the price of uranium will reach $98/lb until the end of 2024, and could increase to $110/lb in 2025. This is forecast against the backdrop of growing…