World’s Top Uranium Producer Cuts Output Target for Next Year
- Shortage of sulfuric acid contributes to lower production goal
- Kazatomprom’s uranium inventories fell by 20% in first half
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Kazakhstan, the world’s No. 1 uranium miner, cut its output plan for next year amid project delays and a lack of sulfuric acid needed to pump the radioactive metal from the ground.
Kazakhstan adjusted 2025 uranium production plans to 25,000 tons to 26,500 tons from “initial intentions” of 30,500 to 31,500 tons, state-run Kazatomprom said Friday in regulatory filings. The new 2025 plan implies about 12% growth compared with 2024 guidance of 22,500 tons to 23,500 tons, the company said.