ASTANA, Kazakhstan, November 4. Sales volumes of Kazatomprom (the national nuclear company of Kazakhstan) amounted to 12,206 tons of uranium from January through September 2023, which is 8 percent lower than the same period in 2022 (13,332 tons), Trend reports.
Data from Kazatomprom shows that for the third quarter of 2023, sales were 2,679 tons, which was 38 percent lower than the third quarter of 2022 (4,316 tons).
As the company noted, during the third quarter and first nine months of 2023, Kazatomprom's sales volumes were lower compared to the same period in 2022 due to differences in planned delivery dates.
Each quarter's sales volumes may vary significantly, and quarterly sales volumes may vary from year to year due to variations in customer delivery schedules and requests throughout the year, as well as actual physical shipments.
On September 29, 2023, Kazakhstan's Kazatomprom presented its strategy for uranium production for 2025. The Board of Directors of Kazatomprom approved the company’s strategy to increase uranium production volumes in 2025 to 100 percent of the level planned under subsoil use contracts.
Kazakhstan ranks second in the world in terms of proven reserves of natural uranium. About 14 percent of all proven world reserves are concentrated in the depths of the Republic of Kazakhstan. The country's total proven reserves are estimated at more than 700,000 tons of uranium.
In 2009, Kazakhstan took first place in uranium production in the world and continues to maintain a leading position in the world market. Kazakhstan produces about 40 percent of the world's uranium production. In 2021, the volume of uranium production amounted to 21,800 tons, according to the results of 2022—21,300 tons.