The West's bet on Kazakh uranium may not work

Kazatomprom (KAP) plans to conclude an agreement with China's CNNC Overseas Limited for the sale of uranium. The decision on this was made at the meeting of shareholders of KAP.

In addition, the shareholders approved the possibility of concluding other agreements with Chinese partners for the sale and purchase of natural uranium concentrates, the value of which does not exceed 200 percent of the balance sheet value of the Kazakh company's assets. The company's financials suggest that it could be about $750 million.

Meanwhile, according to the information of the Kazakh national company, this country accounted for about 42 percent of the world uranium purchase and sale market last year. Of these, KAP sold about 11,4 thousand tons of this valuable material (about 22 percent), half of which was purchased by Asian countries. Another 10 thousand tons of uranium were distributed among other partners of Kazatomprom, who own joint ventures.

Among the main partners of KAP are the state corporation Rosatom, which is served by 40 percent of KAP enterprises, the Canadian Cameco (15 percent), the Chinese National Nuclear Energy Group and the French Orano (12 percent each), as well as companies from Japan (10 percent).

The West, seeking to stop buying uranium from Russia, sees Kazakhstan as a potential long-term partner. However, China is the most interested in this country in terms of purchasing uranium. Thus, in China, the share of uranium exports from Kazakhstan is about 70 percent.
  • Photos used: IAEA Imagebank/
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  1. Paul3390 Offline Paul3390
    Paul3390 (Paul) 26 May 2023 18: 06
    Kazakhstan - does not sell uranium, but yellow cake. In fact, it is a raw material that still needs to be enriched in centrifuges. But their capacities are counted on the planet, and contracts are scheduled for at least 10 years in advance ..
  2. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 26 May 2023 18: 59
    Again what nonsense.
    Where is Kazakhstaen on the map, and where is the west? And where is his own proven reserves - South Africa and the USA with their canyon
    1. strange guest Offline strange guest
      strange guest (Strange Guest) 26 May 2023 19: 15
      Quote: Sergey Latyshev
      Again what nonsense.
      Where is Kazakhstaen on the map, and where is the west? And where is his own proven reserves - South Africa and the USA with their canyon

      I totally agree about the bullshit. And the author completely forgot about Australia, the world leader by a huge margin - which accounts for a third !!! world reserves of uranium. Well, in what, in what, but in uranium, the West will not lack.
  3. Boniface Offline Boniface
    Boniface (Leo) 26 May 2023 21: 15
    Fools! wassat
    Kukish will show you the vassal of China - Kazakhstan !!!
    you will smoke the sky for the evil of Greta Tumberg lol
  4. kriten Offline kriten
    kriten (Vladimir) 27 May 2023 09: 57
    Russia must not allow the export of uranium to enemies, no matter what they think in Kazakhstan, up to the harsh measures that Russia has at its disposal.
  5. nikanikolich Online nikanikolich
    nikanikolich (nikola) 27 May 2023 16: 14
    When the fourth generation AE is launched in Russia, the Kazakhs will simply eat their uranium for breakfast, lunch and dinner, because. no one will need him. The Bedouins have the right word, and after all, no one forbade them to be near us, but the khokhlavirus is apparently very contagious. Good luck to the Kazakhs and prosperity to us.
  6. Vladimir R. Offline Vladimir R.
    Vladimir R. (Vladimir Russian) 27 May 2023 17: 20
    Processing plant in Stepnogorsk. My brother worked there as a chief engineer. received the Lenin Prize. Then the Kazakhs forced him to leave for Russia.
    1. DonniCat Offline DonniCat
      DonniCat 30 May 2023 16: 24
      Not every good shepherd will make a good nuclear engineer. So tell your brother.