The demand for Kazakh uranium is
on the rise. Kazakhstan is a leading exporter of nuclear fuel, accounting for
43 percent of global supplies. The country plays a crucial role in carbon-free
electricity production on a global scale. Thus, the UAE has expressed interest
in natural uranium concentrate. For the first time in history, the two
countries have signed a contract for the supply of atomic fuel for a nuclear
power plant. Kazakhstan may also become an alternative uranium supplier to
Eastern European countries, considering the current discussions about giving up
nuclear fuel supplied by Russia. Some nuclear power plants intend to enter into
new contracts by 2025, and negotiations are underway. Besides, this year, there
are plans to open a third export route for uranium shipment through one of the
Chinese ports. To date, nuclear fuel is transported through Russia and the
Caspian Sea to the Black Sea.
