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.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American b...
Türkiye and Syria plan to increase annual bilateral trade to $5 billion within the next two years, officials from both countries said on Tuesday, as ...
As global diplomatic dynamics continue to evolve, the European Union is reassessing its ability to respond effectively to major international developm...
Uzbekistan plans to create a National Geological Data Bank and expand the use of artificial intelligence (AI) across the mining sector as part of effo...
Azerbaijan is considering new restrictions on children's use of social media, including a minimum registration age of 16 and fines for platforms that ...
The European Union’s proposed 21st sanctions package against Russia could affect companies in Central Asia, including firms in Kazakhstan and Kyrgyzstan, as Brussels moves to tighten controls on sanctions circumvention.
Kazakhstan will require major businesses to introduce five-year water-saving plans as authorities warn that worsening shortages could threaten not only the environment but also the country's economy.
For much of the post-Soviet era, Russia and Kazakhstan have maintained one of Eurasia’s most stable bilateral relationships. Deep economic ties, shared history and strategic geography continue to bind the two neighbours together, but Astana is increasingly pursuing a more independent path.
Kazakhstan has invited Cyprus to take an active role in the Trans-Caspian transport route, with President Kassym-Jomart Tokayev saying closer cooperation could link Kazakhstan’s land infrastructure with Cyprus’s maritime network and boost trade between Central Asia and the Mediterranean.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
A Sudanese man has been arrested over a knife attack in Belfast that left a man seriously injured and prompted calls online for a protest after footage of the incident circulated widely on social media.
Iran and Israel said on Monday (8 June) they had halted attacks on each other following an appeal from U.S. President Donald Trump, as Axios reported that Trump had privately told Benjamin Netanyahu “be careful, or you will be on your own very soon”.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
Armenia’s parliamentary election has strengthened Prime Minister Nikol Pashinyan’s mandate, with analysts linking the result to his post-Garabagh agenda and pro-Western direction. However, constitutional constraints remain a key obstacle to peace efforts with Azerbaijan.
Türkiye and Syria plan to increase annual bilateral trade to $5 billion within the next two years, officials from both countries said on Tuesday, as they seek to deepen economic ties and support Syria's recovery.
Uzbekistan plans to create a National Geological Data Bank and expand the use of artificial intelligence (AI) across the mining sector as part of efforts to attract $30 billion in investment by 2030.
Azerbaijan is considering new restrictions on children's use of social media, including a minimum registration age of 16 and fines for platforms that fail to protect young users. The proposals form part of a broader global trend towards tighter regulation of online platforms.
The European Union’s proposed 21st sanctions package against Russia could affect companies in Central Asia, including firms in Kazakhstan and Kyrgyzstan, as Brussels moves to tighten controls on sanctions circumvention.
Da Afghanistan Bank, the country's central bank, has discussed expanding banking and trade relations with the Afghanistan–U.S. Joint Chamber of Commerce as the country seeks to strengthen financial services for traders and support private sector growth.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment