Top Uranium Producer Is Gloomy About Nuclear Power, for Now

  • ‘Don’t get excited on the demand side,’ Kazatomprom CEO says
  • Developing nations, climate change will eventually spur growth
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Don’t expect an upswing in the global uranium market anytime soon.

“In our models, we don’t get excited on the demand side,” said Galymzhan Pirmatov, chief executive officer of Kazatomprom, Kazakhstan’s state-owned mining company that’s the world’s biggest supplier.