Kazatomprom says East could absorb all its uranium output

September 14, 2026 at 06:34 PM2 min

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Kazatomprom could sell its entire uranium output to Eastern buyers, yet the company plans to keep a diversified supply structure, strategy director Dastan Kosherbayev said at the World Nuclear Symposium in London. About half of annual sales now go to Eastern markets, with the rest split roughly equally between Europe and the US. Eastern demand keeps growing, while Western buyers have yet to translate announced nuclear plans into concrete projects.

Key Facts

Kazatomprom strategy director Dastan Kosherbayev said the company could sell its entire uranium output to Eastern buyers and still see additional demand there.
About half of Kazatomprom's annual sales currently go to Eastern markets, with the remainder split roughly equally between Europe and the US.
Cameco, Kazatomprom's partner in the Inkai joint venture, said buyers are willing to pay more for reliable supply from stable jurisdictions, but current prices are not enough to restart its idled production facilities.
Large technology companies are showing interest in uranium, considering options from building their own reactors and signing long-term contracts with nuclear plants to pre-purchasing uranium.

Eastern Demand

Kazatomprom could sell its entire uranium output to Eastern buyers and still see additional demand there, strategy director Dastan Kosherbayev said at the World Nuclear Symposium in London. About half of the company's annual sales now go to Eastern markets, with the rest split roughly equally between Europe and the US. Many Eastern buyers view uranium as a strategic resource and are more interested in guaranteed supply volumes than in price. Kosherbayev noted that Western markets have not yet shown comparable activity, and Kazatomprom is waiting for announced Western nuclear construction plans to turn into concrete projects.

Market Shift

Cameco, Kazatomprom's partner in the Inkai joint venture, said buyers are willing to pay more for reliable supply from stable jurisdictions, but current prices are not enough to restart its idled production facilities. Large technology companies are showing interest in uranium as they need more electricity for data centres. These companies are considering options from building their own reactors and signing long-term contracts with nuclear plants to pre-purchasing uranium. Industry representatives say the market is entering not just another price cycle but a new phase in which energy security and competition for long-term nuclear fuel supply will play a key role.