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Kazakhstan ramped up uranium production by 13% in the first half of 2025, according to Kazatomprom, the world’s largest uranium producer, reinforcing its position as a global nuclear fuel supplier despite falling market prices and weak sales.
Despite the production boost, Kazatomprom's sales dropped 2% to 7,625 tonnes during the same period.
"The 24% decline in the spot price during the reporting period had a limited impact on the average realized prices of the Group and Kazatomprom, decreasing by 12% and 8%, respectively, compared to the same period in 2024," the company said in a statement.
Most of the firm’s uranium is sold under long-term contracts indexed to spot prices, with only small volumes traded on the spot market.
Meanwhile, Kazakhstan, which holds around 15% of the world’s uranium reserves, does not use nuclear fuel domestically.
The company continues to mine uranium both independently and via joint ventures. The company went public on the London Stock Exchange in 2019, and 75% of its shares remain under the control of Kazakhstan’s sovereign wealth fund, Samruk-Kazyna.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Israel will begin immediate negotiations for the release of all hostages held in Gaza, Prime Minister Benjamin Netanyahu said Thursday, while maintaining military pressure on Gaza City.
Azerbaijan’s SOCAR will invest $7 billion in Türkiye’s petrochemical sector, reinforcing its role as the country’s largest foreign investor.
Iran’s Foreign Minister Abbas Araghchi has ruled out imminent nuclear negotiations with the United States but said talks with the European powers and the International Atomic Energy Agency (IAEA) are planned for coming days.
Israel has given final approval for a highly controversial settlement project in the occupied West Bank, a move that critics say would effectively sever the territory and deal a severe blow to the prospects of a future Palestinian state.
Türkiye is stepping up as a key player in efforts to end the Russia-Ukraine war. President Recep Tayyip Erdoğan, NATO chief Mark Rutte, and senior Turkish officials all emphasized Ankara’s key role in promoting lasting peace.
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