Kazakh uranium producers expect production to fall by 4000 tons this year

SMM4, March 8: Kazakh uranium producer Kazatomprom said Tuesday that uranium production is expected to fall by as much as 4000 tons this year, up from 22750-22800 tons.

CEO Galymzhan Pirmatov of Kazatomprom said that all contracts would be fulfilled and that the number of field staff at the subsidiary was being reduced despite the impact of the outbreak.

The company is expected to release updated 2020 production guidelines on May 4.

In response to the new crown pneumonia epidemic, Kazakh President Tokayev signed a presidential decree on March 15 declaring a state of emergency from 08:00 on March 16 to 07:00 on April 15, and imposed entry and exit restrictions on Kazakh and foreign citizens.

As the number of nuclear power plants in the world falls to its lowest level in a decade, demand for uranium metal is weakening and uranium prices are so low that many uranium producers are afraid to increase production.

As early as 2011, Japan was hit by a magnitude 9 earthquake, which brought a heavy disaster to Japan, and the tsunami caused by the earthquake caused heavy losses in Japan. At the same time, Japan's Fukushima nuclear power plant also leaked in the earthquake, a large number of nuclear pollutants into the sea, some also spread with the wind, the harm to the environment and the hidden dangers left behind.

In this regard, many countries are more cautious about the construction of nuclear power plants, the current nuclear power plant market is mainly in developing countries, such as China and India.

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