ASTANA, Kazakhstan, August 1. The sales volume of Kazatomprom Group (KAP, the national atomic company of Kazakhstan) amounted to 7,779 tons of uranium on a 100 percent basis from January through June 2024, Trend reports.
According to the company's report, compared to the same period in 2023 (9,527 tons), export volumes decreased by 18 percent.
At the same time, export volume in the second quarter amounted to 5,027 tons, which is 48 percent more than in the same period (3,385 tons).
Meanwhile, Kazatomprom Group produced 10,857 tons of uranium on a 100 percent basis from January through June 2024, which is 6 percent higher than the same period in 2023 (10,225 tons).
Furthermore, 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.