Kazakhstan projects uranium production at 22,000 tons in 2017

AKIPRESS.COM – Uranium production is projected at 22,000 tons in 2017 in Kazakhstan, Minister of Energy Kanat Bozumbayev said Monday.

A leading uranium producer is expected to cut production in 2017 by 2,000 tons. In 2016, Kazakhstan produced 24,000 tons.

“Forecast for uranium production is 22,150 tons,” Bozumbayev told reporters Monday.

China will remain the main buyer of Kazakh uranium; China’s share is more than 50% of the total uranium exports of Kazakhstan.

Kazakhstan decided to down uranium production in 2017 due to drop in prices for uranium by almost 47%.

In 2016, the total uranium output was 24,600 tons.