ASTANA, Kazakhstan, May 3. On a 100 percent basis, Kazakhstan's Kazatomprom Group (the national nuclear company) produced 5,077 tons of uranium from January through March 2024, which is seven percent higher than the same period in 2023 (4,744 tons), Trend reports.
According to Kazatomprom, the increase in production occurred due to a slight increase in the production plan for both the year and the first quarter of 2024 in accordance with obligations under subsoil use contracts.
At the same time, the volume of uranium production (on an attributable basis) amounted to 2,761 tons, which is 10 percent more than in the first quarter of 2023 (2,517 tons).
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).
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 country's total proven uranium reserves are expected to exceed 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.
