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Top uranium producer Kazakhstan decreases output by 15% in 2020

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Jan 12, 2021 Precious Metals News Comments Off on Top uranium producer Kazakhstan decreases output by 15% in 2020



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(Wallace Refiners) – Local media sources reported today that Kazakhstan, the world’s largest producer of uranium, mined 19,500 tonnes of uranium in 2020, a 15% decline over 2019 results (22,808 tonnes).


The Kazakhstan’s Minister of Energy Nurlan Nogayev said at a government meeting on Tuesday, “In 2020, uranium production in Kazakhstan amounted to 19.5 thousand tonnes, which is 101% compared to the revised plan.”


Earlier, the Ministry of Energy reported that Kazakhstan reduced the plan for uranium production in 2020 from 22.75-22.8 thousand tonnes to 19.35 thousand tonnes due to the pandemic-related restrictions.


According to the World Nuclear Association, Kazakhstan produces the largest share of uranium from mines (42% of world supply from mines in 2019), followed by Canada (13%) and Australia (12%).




Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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