Kazatomprom raising production targets in hot uranium market

Kazakh uranium miner Kazatomprom plans to increase its 2025 production to benefit from rising U3O8 demand.

Kazatomprom raising production targets in hot uranium market  Kazatomprom raising production targets in hot uranium market  Kazatomprom raising production targets in hot uranium market  Kazatomprom raising production targets in hot uranium market  Kazatomprom raising production targets in hot uranium market

The world’s largest uranium producer reduced its annual guidance by 20% in 2016 to reflect poor market conditions.Photo: Kazatomprom

Amid a uranium bull market that has seen prices climb 43% since the start of the year, Kazatomprom aims to ramp up output to 100% under its Subsoil Use Agreements.

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