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.
Israeli forces intercepted dozens of Gaza-bound aid vessels in the eastern Mediterranean on Monday (18 May), prompting condemnation from the United...
United Nations World Urban Forum 13 continues in Baku, Azerbaijan on 19 May with sessions and roundtable discussions focused on strengthening dialo...
U.S. President Donald Trump said on Monday that he had paused a planned attack on Iran after Tehran sent a peace proposal to Washington. He said th...
Russian President Vladimir Putin said Russia and China are prepared to support each other on issues linked to s...
Turkish Foreign Minister Hakan Fidan and German counterpart Johann Wadephul said Monday that Ankara and Berlin are bo...
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
Leaders of the Organisation of Turkic States (OTS) gathered in the Kazakh city of Turkistan for an informal summit focused on strengthening cooperation in trade, transport, energy and regional connectivity as the bloc seeks to expand its geopolitical and economic influence across Eurasia.
President of Azerbaijan Ilham Aliyev is participating in the informal summit of the heads of state of the Organization of Turkic States (OTS) in Turkistan, Kazakhstan, on 15 May. The summit focuses on regional cooperation, digital development and transport connectivity.
Turkish President Recep Tayyip Erdoğan and Kazakh President Kassym-Jomart Tokayev have pledged to deepen bilateral ties across energy, trade, transport, defence, and technology following high-level talks in Astana.
The World Urban Forum (WUF13) continues in Baku, Azerbaijan on 18 May, addressing the global housing crisis. The day’s agenda includes the official opening press conference, the WUF13 Urban Expo opening and a ministerial dialogue on the Nairobi Declaration to advance Africa's urban agenda.
U.S. President Donald Trump said on Monday he had paused a planned attack on Iran after appeals from the leaders of Qatar, Saudi Arabia and the United Arab Emirates, allowing negotiations to continue over a possible deal to end the conflict.
A 5.2 magnitude earthquake struck China’s Guangxi region early on Monday, killing two people and forcing more than 7,000 residents in Liuzhou to evacuate as rescue efforts continued.
The World Health Organization (WHO) has declared an Ebola outbreak in the Democratic Republic of Congo (DRC) and Uganda a Public Health Emergency of International Concern (PHEIC), warning that the situation poses a significant risk of cross-border spread in Central Africa.
Eurovision Song Contest once again proved how unpredictable its outcome can be, with Bulgaria’s Dara turning a late surge into a dominant win while several expected contenders collapsed early. At the same time, the absence of the South Caucasus region from the final raised questions.
Israeli forces intercepted dozens of Gaza-bound aid vessels in the eastern Mediterranean on Monday (18 May), prompting condemnation from the United Nations and Türkiye, while flotilla organisers said several ships continued sailing toward Gaza despite the operation.
Pakistan has deployed around 8,000 troops, fighter jets and air defence systems to Saudi Arabia under a mutual defence agreement, according to security officials and government sources familiar with the arrangement.
Uzbekistan has reported new fraud cases linked to employment in South Korea as investigators continue examining a wider migration corruption scheme estimated to have caused up to $90 million in losses.
When 36 nations signed up to prosecute Russia over its invasion of Ukraine, Georgia - a country partly occupied by Russia - declined to join. Tbilisi blamed strained relations with the EU. Critics blamed the government itself.
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment