Company To Keep Uranium Output Reduced By 20% Until 2022 :: The Independent Global Nuclear News Agency

Company To Keep Uranium Output Reduced By 20% Until 2022 :: The Independent Global Nuclear News Agency: Kazakhstan’s state uranium producer Kazatomprom will continue to keep its output reduced by 20% until 2022 to help the market recover from a “long period of oversupply”, chief executive officer Galymzhan Primatov announced on 19 August.



“The decision to keep production similar year-over-year, and extend production curtailment into 2022, is indicative of a global uranium market that is still recovering from a long period of oversupply,” he said in a statement, outlining the group’s production plans.



“We are simply not seeing the market signals and fundamental support needed to ramp up mine development in 2021 and take our low-cost, tier-one production centres back to full capacity in 2022.”