Kazakhstan Chamber of Commerce in the USA

KazCham


Kazakhstan becomes top uranium supplier to US nuclear reactors

Posted on October 16, 2015 by KazCham

Colibri Law Firm

According to the US Energy Information Administration (EIA), in 2014 Kazakhstan became the leading supplier of uranium for the 100 nuclear power reactors operating in the United States.

The former Soviet republic supplied 12 million pounds, or 23%, of the 53.3 million pounds of uranium purchased by the owners and operators of American reactors. This figure is almost double the 6.5 million pounds of Kazakh-origin uranium purchased in 2013.

The EIA said that average Kazakh uranium prices have been lower than those of other major supplying countries’ for the past two years.

Kazakhstan became the world’s leading producer of uranium when it surpassed Canada in 2009 and uranium production in Kazakhstan has more than tripled since 2007. Conversely, production in Canada has been relatively constant and production in Australia has decreased by 42%.

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