ASTANA, Kazakhstan, May 3. The sales volume of Kazatomprom Group (KAP, the national nuclear company of Kazakhstan) amounted to 2,752 tons of uranium from January through March 2024, Trend reports.
According to the company's report, compared to the same period in 2023 (6,142 tons), export volumes decreased by 55 percent.
As the company noted, Kazatomprom's uranium sales volume (including the group's sales volume) amounted to 2,321 tons, which is 62 percent lower than the same period last year (6,142).
Thus, according to the KAP, the reasons for the decline in uranium sales were the timing of customer requests for supplies, as well as lower sales forecasts for 2024.
Sales volumes may vary substantially each quarter, and quarterly sales volumes vary year to year due to the timing of customer delivery requests during the year, and physical delivery activity.
Meanwhile, Kazakhstan's Kazatomprom Group's uranium production in 2023 amounted to 21,112 tons, which is 1 percent lower than the same period in 2022 (21,227 tons). In the fourth quarter of 2023, production amounted to 5,795 tons. Compared to the fourth quarter of 2022, production volume remained unchanged (5,780 tons).
Sales volume for Kazatomprom Group amounted to 18,069 tons of uranium from January through December 2023, which is 10 percent more than the same period in 2022 (16,358 tons).
In addition, Kazakhstan ranks second in the world in terms of proven natural uranium reserves. The Republic of Kazakhstan's depths contain approximately 14 percent of all proven world reserves. The entire proven reserves of uranium in the country are expected to be more than 700,000 tons.
Kazakhstan surpassed the US in uranium production in 2009 and continues to dominate the global market. Kazakhstan accounts for almost 40 percent of global uranium output.